M&A

Middle Island exits Burkina to focus on its 'island home'

MIDDLE Island has called time on its West African gold ventures with a plan to sell its Reo project in Burkina Faso for cash and shares to a Canadian company that also has a project in Guyana and is led by the founder of the former ASX-listed junior Azimuth Mining.

Michael Quinn
Middle Island exits Burkina to focus on its 'island home'

If the deal goes ahead, Middle Island will receive US$335,000 and five million shares in Tajiri Resources, as well as a 2% net smelter royalty (which can be purchased for $5 million). Tajiri is led by...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.