NewsNovo
The Sandstone Gold Project in Western Australia comes to FirstAu from Complete Prospecting carrying a substantial historical record of reverse circulation drilling and no established mineral resource.
That combination shapes the entire deal. The case for the acquisition rests on what the data shows once FirstAu validates it, not on what the ground has already proven.
FirstAu signed a binding agreement to take on five tenements across the Sandstone gold district: four prospecting licences and one exploration licence. The consideration has three parts.
An A$350,000 cash exclusivity fee (approximately US$252,486) is paid upfront.
Keep reading