Pacgold Enters Profit-Share Deal for South Australia Mine

MT Newswires Live

02/25

Pacgold (ASX:PGO) entered into a profit-share agreement with Grainger Gold over its Wadnaminga project in South Australia, according to a Wednesday filing with the Australian bourse.

The companies agreed to a 50-50 share of all profits derived from the mining and/or re-treatment of historical tailings and heap leach material on the site of the New Milo and Great Eastern mining centers, the filing said.

Field work is expected to start in March, per the filing.

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