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Australian Mines shifts focus to West Africa

AUSTRALIAN Mines has inked an agreement to sell its Mt Martin gold mine, based 35 kilometres southeast of Kalgoorlie, for $A7.5 million to Alacer Gold Corp's wholly owned subsidiary, HBJ Minerals, as it moves its exploration focus to West Africa.

Brooke Showers
Australian Mines shifts focus to West Africa

A $250,000 deposit is payable within 14 days to secure the deal followed by three payment installments, the first at $2.25 million and the following two at $2.5 million. The sale includes East Location...

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