tiprankstipranks
Labyrinth Resources to Acquire Mulwarrie Project
Company Announcements

Labyrinth Resources to Acquire Mulwarrie Project

Labyrinth Resources Limited (AU:LRL) has released an update.

Don't Miss our Black Friday Offers:

Labyrinth Resources Limited is set to acquire the Mulwarrie Project in Western Australia from Olympio Metals’ subsidiary Rocktivity Gold through a $1.375 million option agreement. This deal could see Labyrinth pay in cash and shares, with a significant milestone payment tied to future gold resource discoveries. This strategic move allows Olympio to focus on other assets while maintaining a stake in Mulwarrie’s exploration success.

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

Related Articles
TipRanks Australian Auto-Generated NewsdeskLabyrinth Resources Secures $19.5M to Boost Gold Exploration
TipRanks Australian Auto-Generated NewsdeskLabyrinth Resources Unveils Mulwarrie Project Details
TipRanks Australian Auto-Generated NewsdeskLabyrinth Resources Acquires Promising Mulwarrie Gold Project
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App