Amani Gold Updates on Giro Sale and Board Changes

Amani Gold Limited (AU:ANL) has released an update.

Amani Gold Limited announced the receipt of the second tranche payment of US$8 million from the sale of the Giro Gold Project and reported a cash balance of A$14.561 million as of June 30, 2024. The company’s board underwent significant changes with multiple appointments and resignations, and they mutually terminated the acquisition agreement with Authium Ltd for a major Lithium resource. As Amani Gold evaluates its future moves, it is also reviewing its expense and cash management strategies to maximize returns.

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