JOHANNESBURG (miningweekly.com) – JSE and ASX-listed gold junior Gold One has sold its Twin Hills project for A$1,75-million.

North Queensland Metals acquired a 60% stake in the Twin Hills exploration project, with Heemskirk Consolidated taking the remaining 40%.

The sale of Twin Hills was said to be in line with Gold One’s strategy of realising value from non-core assets, as it pursued organic growth through the development of its core gold projects, including the near production Modder East project and the Ventersburg project in South Africa.

The company, which was formed when BMA Gold bought Aflease Gold, is also targeting growth in Australia and North America.

Gold One CEO Neal Froneman had previously stated that it planned to list on the Toronto bourse and said that such a listing should come with the acquisition of North American assets.

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