https://www.miningweekly.com

Gibb River makes a move at Edjudina

2nd December 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Diamond and gold hopeful Gibb River Diamonds has exercised its option over the Edjudina gold project, in Western Australia.

Gibb River on Wednesday said that project vendors have been issued an exercise fee of A$330 000 in cash and 5.5-million Gibb River shares, as well as 5.5-million options.

The company told shareholders that it was pleased with the acquisition of the Edjudina gold project, which gave it full ownership of a high-grade, quality gold project in the heart of the Eastern Goldfields.

Gibb River added that the discovery of the Neta Lodes gold prospect had enhanced the prospectivity of the field considerably, and that the company was looking forward to building on this with the upcoming drilling campaigns in the next year.

Meanwhile, the company would also progress its Elledale diamond project, while concurrently drilling and exploring the Edjudina gold project.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







sq:0.059 0.868s - 128pq - 2rq
Subscribe Now