Brief: Tanami Gold And Northern Star Resources Agree To Restructure Central Tanami JV
10/05/2021 03:08
May 10 (Reuters) - Tanami Gold NL TAM.AX :
* CO AND NORTHERN STAR RESOURCES AGREE TO RESTRUCTURE
CENTRAL
TANAMI JV
* NORTHERN STAR WILL PURCHASE FURTHER 10% INTEREST IN
CENTRAL
TANAMI PROJECT FOR $15M CASH, INCREASING STAKE TO 50%
* CO & NORTHERN STAR RESOURCES TO FORM NEW JV WITH PURPOSE
TO
COMMENCE MINING OF GROUNDRUSH DEPOSIT AS SOON AS PRACTICABLE
COMMENSURATE
* CO & NORTHERN STAR WILL BE JOINTLY RESPONSIBLE FOR FUNDING
ALL
EXPLORATION & DEVELOPMENT ACTIVITIES CARRIED THROUGH MANAGEMENT
CO
Source text for Eikon: ID:nASX2McJQQ
Further company coverage: TAM.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Tanami Gold NL
See all newsAustralia's Tanami Gold loses most in 11 years on discounted share offer
Brief: Tanami Gold Nl Announces Renounceable Entitlement Offer To Raise Up To A$70.5 Mln
Brief: Tanami Gold Requests Trading Halt
Brief: Macmahon Says Unit Selected As Preferred Mining Contractor By Central Tanami Project JV
Brief: Mount Gibson Iron To Acquire 50% Of The Central Tanami Gold Project