JOHANNESBURG (miningweekly.com) – Gold miner Northern Star Resources is now the owner of the idled Western Tanami project, which it bought from fellow-listed Tanami Gold for A$4-million in cash.
Tanami Gold’s shareholders approved the transaction at the company’s annual general meeting on Wednesday, which completed the transaction.
The Western Tanami project consists of a number of tenements and a 350 000 t/y carbon-in-leach treatment plant with associated infrastructure. The project was placed under care and maintenance in 2013, following disappointing drilling results.
Edited by: Mariaan Webb
Creamer Media Senior Deputy Editor Online
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