JOHANNESBURG (miningweekly.com) – Junior Golden Cross Resources has sold its interest in the Mt Boppy royalty and the Wagga Tank joint venture (JV) as part of the rationalisation of its asset base.
The company sold its Mt Boppy royalty for $200 000 in cash, after the royalty stream was adversely affected by operator Black Oak Minerals’ resource estimation downgrade for the New South Wales-based project in November 2015.
Separately, Golden Cross sold the Wagga Tank JV with Minmetals for $40 000.