CAPITAL MARKETS

Austminex to buy Coolgardie

AUSTMINEX could soon be the largest land holder in the Coolgardie gold belt after acquiring an option over the historical Coolgardie gold project from Herald Resources and Leviathan Resources in a cash and scrip deal worth $5.3 million at today’s prices.

Rebecca Keenan
Austminex to buy Coolgardie

The Coolgardie gold project has a resource of 643,000 ounces and a reserve of 29,976oz. It has produced about 2.5 million ounces and has been in operation intermittently since the 1880s. The additional...

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