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