Anglo Australian picks up Gold Fields properties

ANGLO Australian Resources has signed an agreement with Gold Fields Australia subsidiary St Ives Gold Mining to acquire the Feysville and Carnilya gold exploration projects, southeast of Kalgoorlie.

Consideration for the deal is 15 million ordinary shares at 2.6c each, amounting to $390,000, and 7.5 million options exercisable at 5c each. The deal is subject to shareholder approval.