Gold miners AuStar and the struggling Centennial to merge

AUSTAR Gold is to merger with fellow Victorian gold junior Centennial Mining after paying A$2.4 million to administrators of the latter and issuing stock its shareholders the equivalent of nearly 32% of the newly enlarged company.

Gold miners AuStar and the struggling Centennial to merge Gold miners AuStar and the struggling Centennial to merge Gold miners AuStar and the struggling Centennial to merge Gold miners AuStar and the struggling Centennial to merge Gold miners AuStar and the struggling Centennial to merge

AuStar's Morning Star gold mine in Victoria

The result of the merger will include ore from Centennial's A1 mine being processed at Austar's nearby Woods Point processing facility, in combination with ores from the latter's Morning Star and

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