Saracen again bids for Bligh and its gold

TWO years after its initial takeover offer of A$8.5 million for Bligh Resources was torpedoed, Saracen Mineral Holdings has returned to the deal table with an offer of $38 million worth of shares as it eyes Bligh’s 660,000 ounce pre-development Bundarra project near its Thunderbox operation.

Saracen again bids for Bligh and its gold Saracen again bids for Bligh and its gold Saracen again bids for Bligh and its gold Saracen again bids for Bligh and its gold Saracen again bids for Bligh and its gold

Saracen has had an historic interest in the potential of mining gold at Bundarra

The agreed deal will result in ASX-listed resource-focused investment company Zeta Resources having a stake of about 1% in Saracen given Zeta's holding of 85% of Bligh.