Southern Cross Gold (ASX:SXG) will acquire the remaining 30% interest in the Redcastle gold-antimony joint venture with Nagambie Resources (ASX:NAG) for AU$250,000, according to an Oct. 25 filing with the Australian bourse.
Once the deal is complete, Redcastle no longer needs to pay the 1.5% net smelter royalty granted to Nagambie, the filing said.
The Redcastle joint venture tenements are located in Victoria's Goldfields.
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