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Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on, page-2

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12/07/25

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Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

Isaac McIntyre

The Market Online

Originally posted by ASX Insights: ↑

Antilles Gold (ASX:AAU) has signed a non-binding letter of intent with Shandong Xinhai Mining Technology, which tasks the Chinese group with engineering, procurement, and construction at the Neuva Sabana copper-gold mine.
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While Antilles is certainly involved as a signatory – and will give Xinhai 590 million AAU shares at 0.7c when the deal goes through – the main deal is between the Chinese company and Cuban miner Minera La Victoria.
While nothing’s over the line quite yet, MLV and Shandong Xinhai will now be working towards formalising the contract by August 15 at the latest.
Antilles’ part in the deal will see it hand over the $4.13 million in company shares and bring a Xinhai-nominated representative onto the board.
Share action has been muted for AAU; maybe due to the deal still sitting in limbo.
The Aussie gold-copper explorer’s chiefs are quite confident the deal will get over the line in the next few weeks, though, with chairman Brian Johnson saying the company “is looking forward to a long-term relationship with Xinhai.”
Xinhai will pay US$16 million in ‘project financing’ as part of the Cuban deal.
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With cash in hand, MLV will begin building access and haul roads at Nevua Sabana immediately. Construction is also being plotted for earthworks, a tailing storage facility, and water management sites. So too a waste dump.
Xinhai is moving into action too: Senior construction managers, supervisors, technicians, and several skilled tradesmen are now travelling from China to Cuba.
Mine representatives will also need to meet with Cuban government officials soon.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please clickhere.
Isaac McIntyre
The Market Online
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You have any clue what your talking about issac? MLV is a jv with aau 50% each!

i expect a correction with explaination ASAP

AAU Price at posting: 0.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on, page-2

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Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on, page-2

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