Murchison South Fully Funded to Production
Filed with ASX · · 6 pages · English
Summary by 6ix AI
Reach Resources Limited has announced that it has fully funded the Murchison South Gold Project to production through a binding option agreement with Andel Resources Pty Ltd. The agreement allows Andel to negotiate a right to mine and milling agreement, with Andel covering all pre-mining and processing costs upfront. Reach will receive a non-refundable option fee to accelerate project development and will also issue shares to Andel, giving them a stake in the company.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Reach Resources Limited on 6ix
Earlier from Reach Resources
- 30% Increase to 80,000 Oz & Higher Grade at Blue Heaven
- Rights Issue to Raise up to $3.15M
- Entitlement Issue Prospectus
- High-Grade Rock Chip Assays Highlight Prospectivity
- Gold Extends Along Strike, at Depth & Below Historic Working
Later from Reach Resources
- REEcycle To List on Nasdaq
- Positioned for Growth
- Additional Funding from Sale of Non-Core Assets
- Andel Exercises Option & Completes DD - Fast-Tracking Mining
- Excellent Results Confirm High-Grade Gold in Open Pit
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