https://www.miningweekly.com

Mantle wraps up asset disposals with Norton sale

30th November 2017

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Junior miner Mantle Mining has completed its asset disposal programme with the sale of its Norton gold project, near Gladstone, in Queensland, for A$525 000 in cash.

The ASX-listed company earlier this month divested of its noncore Queensland exploration projects for A$400 000.

The sale of noncore assets will allow Mantle to focus its effort and resources on the development of the high-grade Morning Star gold mine and other projects in the Victorian gold fields, CEO Tom de Vries said on Thursday.

In August last year, Mantle announced that Morning Star, east of Melbourne, would be its flagship project and that it was being prioritised over Norton. On Wednesday, Mantle reported that it had made significant progress with returning Morning Star to production. Trial mining is under way at the Stacpoole zone.

The completion of the Norton sales is subject to the company obtaining all necessary regulatory approvals to the transfer of the tenements to the buyer. Mantle did not name the buyer in its release to the ASX.

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