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Gibb River Diamonds Bolsters Gold Project
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Gibb River Diamonds Bolsters Gold Project

Gibb River Diamonds Limited (AU:GIB) has released an update.

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Gibb River Diamonds Limited has strategically expanded its Edjudina Gold Project by acquiring the essential Mining Lease M31/481, which adjoins its current license hosting the Neta JORC gold resource. The deal involves a share-based consideration and also includes a valuable database from the seller, Hawthorn Resources Limited. With historic mines and a haul road linking to a nearby mill complex, the acquisition enhances GIB’s exploration potential and sets the stage for forthcoming drilling programs.

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

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