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Intermin Resource's Menzies and Goongarrie gold projects return to Intermin

Mining News - Published on Mon, 11 Feb 2019

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Intermin Resources Limited announced that it has agreed a Deed of Settlement and Termination with Eastern Goldfields covering the Menzies and Goongarrie farm in joint venture1 with the projects now returning to Intermin on a 100% basis. All relevant mining and geological information, drilling samples and property pertaining to the projects will be returned to Intermin. Intermin now intends to undertake a detailed review of work completed by EGS and integrate both the Menzies and Goongarrie projects into the exploration and development programs planned for 2019.

In addition, Intermin has arranged for the off market sale of all the remaining shares held by EGS which was taken up by existing Intermin shareholders.

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Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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