The Company acquired subsidiary DC Mines Pty Ltd (DC Mines) in February 20231 . DC Mines had acquired the Golden Range and Fields Find Projects from Minjar Gold Pty Ltd (Minjar) in 2022. Under the 2022 Asset Sale Agreement between Minjar and DC Mines, completion of the acquisition of four tenements the subject of the acquisition (E59/1324-I, M59/386-I, M59/387-I and M59/425-I (Deferred Assets)), was deferred pending the satisfaction or waiver of certain conditions precedent related to consents or approvals from third parties.
The date for satisfaction of the conditions precedent has now passed and the Asset Sale Agreement has been terminated with respect to the Deferred Assets.
The Deferred Assets included an existing JORC-compliant Mineral Resource of 4.0 Mt at 1.0 g/t Au for 129.8 koz Au (Mt Mulgine). The Company’s Mineral Resource table has been updated to reflect this change and is provided below.
Warriedar Managing Director and CEO, Amanda Buckingham, commented:
“We are resolutely focussed on our strategy to rapidly build high-grade Mineral Resources within the ‘Golden Corridor’ at Golden Range. This is a 25km long trend hosting 6 known gold deposits, 18 historic shallow open pits and an existing Mineral Resource of 736koz gold – and which comprises the great majority of the existing Mineral Resources defined at our Golden Range Project. Mt Mulgine does not form part of the Golden Corridor and was not a focus area for our growth drilling activities.”
This announcement has been authorised for release by: Amanda Buckingham, Managing Director.
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