Further to the announcement lodged with ASX on 24 October 2017, Elysium Resources Limited (ASX: EYM) (EYM or the Company) is pleased to report that is has completed Due Diligence on the proposed acquisition of Hardey Resources Pty Ltd (Hardey).
Hardey owns gold and base metal projects located in the Pilbara region of Western Australia, being the Bellary, Hamersley, Cheela and Elsie North Projects, covering 512km² of Fortescue Group Rocks, as well as the Grace Project located in the Paterson Province in Western Australia.
Hardey’s technical team recently returned from a field trip to the projects hosting the Fortescue Group Rocks. Results of this field trip will be released to the market in the near future and should pave the way for an initial exploration program in the coming months.
Completion of the acquisition of Hardey is due to occur immediately following the Company’s annual general meeting on 15 November 2017
