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Company News Summary

Metals X Announces Acquisition of Georges Reward Project

10 Jul 2015  |  12:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition of Georges Reward Project

Metals X advised that they have reached agreement with Northern Mining (79%) and Balagundi Pty (21%) to acquire the outright interests in E25/268 and the beneficial rights of MLA 25/357 covering the Georges Reward Project at Bulong in WA. The consideration is a cash sum of $4.5m. The Georges Reward Project is contiguous with the Cannon Project of Southern Gold with which the Company has a contract management and profit sharing agreement from the mining of the Cannon deposit which is due to commence in the ensuing months.

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