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ASARA RESOURCES LIMITED — M&A Activity 2019
Feb 13, 2019
64427_rns_2019-02-13_65c98307-f17c-4ee9-a0c8-57c048845cf4.pdf
M&A Activity
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ASX/Media Announcement 14 February 2019
Extension of Agreement to Acquire Permits Adjacent to Kouri
Golden Rim Resources Ltd (ASX:GMR; Company ) refers to its announcements of 11 December 2018 and 31 January 2019 in relation to its entry into a binding Heads of Agreement ( HoA ) to acquire two exploration permits, Goueli and Margou, that adjoin the Company’s 100% owned Kouri Gold Project in Burkina Faso, through the acquisition of Lafi Gold Limited.
The Company wishes to advise that the parties have agreed to extend the date under the HoA for entry into a definitive agreement to 31 March 2019. The parties continue to progress the finalisation of the definitive agreement.
The Company will continue to update the market, as appropriate, in respect of the proposed acquisition.
-ENDS-
For Further Information Please Contact: Golden Rim Resources Media and Broker Enquiries Craig Mackay Andrew Rowell Managing Director Director – Investor Relations Golden Rim Resources Cannings Purple +61 3 9836 4146 +61 400 466 226 [email protected] [email protected]
About Golden Rim Resources
Emerging West African gold developer, Golden Rim Resources Limited (ASX: GMR), is focused on the discovery and development of gold projects in West Africa.
With a decade of experience working in Burkina Faso, the Company believes it is well placed to turn discoveries into real value for shareholders.
The Kouri Gold Project, located in north-east Burkina Faso, contains over 1.4Moz in defined Mineral Resources, with significant upside potential to grow.
Kouri is traversed by a significant NE-trending fault splay that is connected to the major Markoye Fault system. This fault system controls a number of major gold deposits in Burkina Faso, including Kiaka (5.9 Moz gold), Bomboré (5.2 Moz gold), Essakane (7 Moz gold) and Sanbrado (2.8 Moz gold). The mineralised fault system extends into western Niger where the 2.5 Moz Samira Hill is located.
For more information: www.goldenrim.com.au ASX Code: GMR Market Capitalisation: A$9.4m Issued Shares: 470.3m Cash (as at 31 December 2018): A$1.25m
Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 609 Canterbury Road, Surrey HillsVIC3127, Australia I PO Box 124, Surrey Hills VIC 3127, Australia www.goldenrim.com.au I [email protected] I T + 61 3 9836 4146