Zenith Minerals Limited (ASX:ZNC) Secures Strategic Acquisition to Expand Dulcie Gold Project
Strategic Acquisition
Zenith Minerals Limited has entered into a binding agreement to acquire exclusive subsurface exploration and mining rights below 8 metres depth. The tenement package significantly expands its Dulcie Gold Project within the Marvel Loch–Forrestania gold belt.
Commercial Terms
Zenith will pay AUD$250,000, with 80% in shares, and grant a 2% Net Smelter Return royalty on future gold production. The agreement includes options to acquire full ownership based on milestone-based resource delineation.
Exploration and Project Expansion
The acquisition adds 3 km of highly prospective strike south of Zenith’s existing Dulcie Far North resource. Existing mining operations on the acquired tenements reduce project risks and support rapid resource expansion.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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