Happy about this.Lets do things one at a time and do them well!
29 January 2024
GREENVALE MONETISES ITS INVESTMENT IN THE
GEORGINA BASIN THROUGH SALE TO ASTUTE
Transaction consolidates ownership of high-potential IOCG district, while allowing
Greenvale to focus on its flagship Alpha Torbanite Project and new helium interest
Highlights
• Agreement to sell the remaining 20% of the Georgina Basin IOCG
Project in the NT to Astute Metals (ASX: ASE), subject to shareholder
and regulatory approvals.
• Consideration is 5 million Astute shares with the potential for a further
5 million shares subject to certain milestones being achieved.
• Following completion of the transaction, Greenvale will increase its
stake in Astute from 11.21% to 12.27%.
• Greenvale continues to hold a 2% net smelter royalty (NSR) over the
Georgina Project, providing exposure to future upside
GRV Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
