M&A

Genesis bulks up with Kookynie deal

GENESIS Minerals has agreed to acquire the Kookynie gold project near Leonora in Western Australia, and will raise A$19.5 million to advance a standalone project at its adjacent Ulysses project.

 Drilling at Genesis Minerals' Ulysses project in Western Australia

Drilling at Genesis Minerals' Ulysses project in Western Australia

The company had entered into an agreement with A&C Mining and Yijun Zhu to acquire Kookynie, which has a resource of 8.53Mt at 1.5 grams per tonne gold for 414,000 ounces of gold. Genesis will pay a...

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