Mitre Mining Corporation Limited (AU:ASL) has released an update.
Andean Silver Limited has paid off its final deferred acquisition payment of A$750,000 in cash to Equus Mining, for the Cerro Bayo Silver-Gold Project, saving A$250,000 by settling early after a successful A$25 million capital raise. This move reflects Andean’s confidence in expanding their resource base, with 40,000m of drilling planned for the upcoming fiscal year. There are no more deferred payments remaining, positioning Andean for aggressive resource growth.
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