Brisbane Times
·general
·1 hour ago
Forrestania swoops on Zenith in $93M WA gold growth play
Zenith Minerals has agreed to an off-market scrip takeover by Forrestania Resources in a savvy corporate action that values the company at $93.5 million. The binding transaction will consolidate two Western Australia-focused exploration and development portfolios, centred on Zenith’s 675,000-ounce Dulcie gold project, 70 kilometres south of Southern Cross in the resource-rich Forrestania greenstone belt, bringing together highly complementary portfolios.
Summary by Glance · Brisbane Times
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