Sarama Resources (TSE:SWA) has released an update.
Sarama Resources Ltd. has entered into a preliminary agreement to acquire rights to the Cosmo Newbery Project in Western Australia, a region known for its gold potential. The deal, outlined in a Memorandum of Understanding with Cosmo Gold Limited and Adelong Gold Limited, is contingent upon due diligence, regulatory approvals, and specific conditions being met. The project offers promise as it sits in a historically underexplored area with secured land access and is located strategically near major gold operations.
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