Northern Star offloads non-core project

NORTHERN Star Resources has agreed to sell its non-core Ashburton project to Kalamazoo Resources in a deal worth up to A$17.5 million.

Northern Star offloads non-core project Northern Star offloads non-core project Northern Star offloads non-core project Northern Star offloads non-core project Northern Star offloads non-core project

Northern Star will receive $5 million in cash when the first 250,000 tonnes of ore is mined and a 2% net smelter royalty on the first 250,000 ounces of gold produced, and a 0.75% royalty thereafter.

topics

loader
  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.