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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
Ann: Disposal of interest in the Georgina Basin IOCG Project, page-2
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Last
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Change
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Mkt cap ! $33.45M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28297 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 207611 | 3 |
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Change
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| Last updated 15.39pm 17/05/2024 ? | |||||
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