M&A

Tombola to buy Lorena mill

MINNOW Tombola Gold has inked a binding term sheet that could see it acquire the mothballed Lorena processing plant and associated leases in Queensland to expand its gold production plans over the next six months.

Lorena is on care and maintenance

Lorena is on care and maintenance

The company, which raised A$10.5 million at 6c last month, will pay out around $8 million to vendors Chinova Resources, Blue Cap Assets, and Lorena Gold Mine. It has paid a $100,000 deposit and will...

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