Jumbuck gold project sold to Syngas
PERTH (miningweekly.com) – Junior Tyranna Resources has inked a share and asset sales agreement with fellow listed Syngas over the Jumbuck gold project, in South Australia.
Under the terms of the agreement, Syngas would pay Tyranna A$950 000 for the gold project, subject to shareholder and regulatory approvals.
Tyranna director Joe Graziano said on Monday that the company was pleased to have executed the agreement, and would now put the sale of the Jumbuck gold mine to shareholders for approval.
“The sale of the Jumbuck gold project will provide the necessary funds for the company to progress its exploration strategy at the Dragon and Knight nickel project,” he added.
Syngas director David Low noted that the company had signed a A$1.3-million loan facility with AsiaPacific Businesslink to fund the acquisition of Jumbuck and would look to increase the resource at the project area.
Tyranna is expected to call a shareholder meeting in late July to approve the transaction.
Comments
The
functionality
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation