https://www.miningweekly.com

Intermin gains back Menzies and Goongarrie

7th February 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Intermin Resources has struck a settlement agreement with the administrators of Eastern Goldfields over the Menzies and Goongarrie farm-in joint venture projects in Western Australia.

The settlement would see both the Menzies and Goongarrie projects return to the full ownership of Intermin, with the company saying on Thursday that all relevant mining and geological information would be returned to the company.

Intermin would now undertake a detailed review of the work completed by Eastern Goldfields, which went into administration in November of last year after a A$75-million recapitalization transaction fell through, and would integrate both the Menzies and Goongarrie projects into the exploration and development programmes planned for 2019.

Intermin is in the midst of a takeover offer of fellow listed MacPhersons, offering one of its own shares for every 1.8227 MacPhersons shares held. The merger, which has been unanimously recommended by the MacPhersons board, will create a company with a mineral resource estimate of 1.15-million ounces of gold.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION