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Gascoyne Resources Limited ( (AU:SPR) ) just unveiled an announcement.
Spartan Resources Limited has completed the sale of its Glenburgh and Egerton Gold Projects to Benz Mining Corp for a cash consideration, shares, and additional contingent payments. This sale allows Spartan to focus on its core assets while maintaining an interest in Benz’s exploration efforts. The transaction strengthens Spartan’s strategic position and provides Benz with promising exploration prospects, potentially impacting both companies’ operations and stakeholders positively.
More about Gascoyne Resources Limited
Spartan Resources Limited is an ASX-listed gold company specializing in high-grade gold exploration and development, primarily through its Dalgaranga Gold Project in Western Australia. The company has shifted its focus to exploring and developing high-grade deposits near existing infrastructure, such as the Never Never and Pepper Gold Deposits, which have significantly contributed to its strategic turnaround.
YTD Price Performance: 0%
Average Trading Volume: 575
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.25B
See more insights into SPR stock on TipRanks’ Stock Analysis page.
