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Austral Gold Divests Sierra Blanca Stake to Unico
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Austral Gold Divests Sierra Blanca Stake to Unico

Austral Gold Limited (AU:AGD) has released an update.

Austral Gold Limited and New Dimension Guernsey Limited have agreed to sell their combined 100% interest in the Sierra Blanca Project to Unico Silver Limited. The deal includes 5 million Unico shares and reimbursement of administrative fees, with Austral Gold’s stake in Unico rising to 12.33%. The Sierra Blanca Project, adjacent to Unico’s Pinguino Project in Argentina, is a significant consolidation of geological resources in the region.

For further insights into AU:AGD stock, check out TipRanks’ Stock Analysis page.

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