Australian Vanadium does deal for equity in gold-copper company
14:00 20 Jan 2017
Australian Vanadium (ASX:AVL) has agreed to sell its precious and base metals rights on the **anintha Project and 100% equity in the Peak Hill Project, both located in Western Australia.
http://www.*.com.au/thumbs/upload/News/Image/2017_01/757z468_australian-vanadium-**anintha-757.jpg
Australian Vanadium's **anintha Project
The development by AVL of its world class, high grade vanadium-titanium-iron project at **anintha will continue unabated.
AVL will receive a 0.75% net smelter return and 5 million shares in Bryah Resources Ltd, which is planning to list on the ASX in the coming month.
The shares will give AVL a 7-9% stake in Bryah after its proposed initial public offering (IPO).
The transaction represents an opportunity for AVL to realise value for the gold and base metals’ potential of its **anintha and Peak Hill projects, whilst it continues to pursue its strategic focus on energy storage minerals, primarily vanadium and lithium.
AVL shareholders will also be given a priority opportunity to participate in the Bryah IPO.
Bryah Resources Ltd
Bryah is an unlisted public company with a focus on gold and copper exploration.
Apart from the **anintha and Peak Hill Projects acquired from AVL, Bryah has recently acquired tenements covering 500 square kilometres within the highly prospective and under-explored Bryah Basin in Western Australia.
With the addition of the AVL ground, this land holding exceeds 700 square kilometres.
Historical drill results from **anintha include 5 metres at 8.72 g/t gold and 3.05% copper from 31 metres depth.
http://www.*.com.au/companies/news/...for-equity-in-gold-copper-company-171926.html
- Forums
- ASX - By Stock
- AVL
- Ann: AVL to Sell Precious and Base Metal Rights
Ann: AVL to Sell Precious and Base Metal Rights, page-20
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVL (ASX) to my watchlist
|
|||||
Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.2M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $65.81K | 4.393M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 8890552 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 3093322 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 8117521 | 0.014 |
25 | 8279010 | 0.013 |
9 | 2029967 | 0.012 |
10 | 2539933 | 0.011 |
19 | 8157238 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 2054186 | 3 |
0.016 | 10123812 | 31 |
0.017 | 20076212 | 41 |
0.018 | 7573043 | 19 |
0.019 | 4972874 | 11 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
AVL (ASX) Chart |