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HomeBusinessAlliance Resources: Submits offer to acquire Western Gawler Craton Joint Venture

Alliance Resources: Submits offer to acquire Western Gawler Craton Joint Venture

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Alliance Resources: Submits offer to acquire Western Gawler Craton Joint Venture

  • Alliance Resources has submitted an offer to acquire Tyranna Resources interest in the Western Gawler Craton Joint Venture in South Australia
  • Then the joint venture comprises the Jumbuck Gold Project, which hosts an inferred mineral resource of 219,000 ounces of gold
  • Alliance’s proposal follows a share and asset sale agreement between Tyranna and Syngas Limited on June 29
  • As such, Alliance’s offer remains subject to Tyranna’s shareholder voting against the offer from Syngas or
  • Alliance says that it’s confident it has the geological and exploration expertise to rigorously explore the Jumbuck project
  • Alliance Resources shares are up 6.25 per cent and trading for 17 cents at 1:29 pm AEST

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