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Red 5 Announces Divestment of Siana Gold Project Completed

21 Sep 2021  |  08:30:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Divestment of Siana Gold Project completed

Red 5 advised that all conditions have been satisfied for the sale of its interests in Philippine company Greenstone Resources (GRC), which holds both the Siana Gold Project (Siana) and the Mapawa Gold Project in the Philippines, to TVI Resource Development (Phils.) (TVIRD) (Agreement). The divestment of its interests in the Siana and Mapawa Projects is consistent with its strategy to focus on its King of the Hills and Darlot gold mines in WA, with the aim of becoming a mid-tier Australian gold producer.

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