Westgold adds cash and minuses lithium royalties

WESTGOLD Resources has raised a further A$23 million in relation to the “unplanned” acquisition last financial year of the Australian Contract Mining business and is looking to sell its lithium royalties for $15 million to streaming company SilverStream SEZC.

Westgold adds cash and minuses lithium royalties Westgold adds cash and minuses lithium royalties Westgold adds cash and minuses lithium royalties Westgold adds cash and minuses lithium royalties Westgold adds cash and minuses lithium royalties

Cayman Island-headquartered SilverStream is to get a 75-day due diligence period, with the staged deal involving $7.5 million being immediately payable if the transaction goes ahead.

The...