GoldMining Inc. Announces $7 Million Earn-In Agreement with Australian Mines for Boa Vista Project in Brazil
Reuters
Jul 02, 2025
<a href="https://laohu8.com/S/GLDG">GoldMining Inc</a>. Announces $7 Million Earn-In Agreement with Australian Mines for Boa Vista Project in Brazil
GoldMining Inc. has announced a new agreement with Australian Mines Limited, allowing the latter to earn up to an 80% interest in the Boa Vista Project located in the Tapajós Gold Province, Brazil. The earn-in agreement involves AUZ incurring exploration expenditures and completing specific milestones, including a minimum of 6,000 meters of diamond core drilling and a JORC-compliant mineral resource estimate of at least 500,000 gold ounces. The project, which is currently 84.05% owned by GoldMining, could see AUZ forming a joint venture with GoldMining upon meeting these conditions. AUZ has options to increase its stake to 70% and then 80% by fulfilling further exploration and feasibility requirements. If AUZ exercises the full option, GoldMining will retain a 20% interest in the project.
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