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Korab completes asset sale

13th January 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior metals developer Korab Resources has completed the sale of its Melrose and Darlot East projects, in Western Australia.

In October, Korab agreed to sell the two gold projects for A$1.5-million to an unnamed Australian miner, selling the leases, prospecting licences, rights to mine and all information and contracts for both projects.

The Melrose project, which is about 400 km north of Kalgoorlie, is estimated to host a resource of 339 000 oz, while the Darlot East project is in close proximity to the Darlot and Centenary gold mines.

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