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Metals X Limited — M&A Activity 2016
Mar 30, 2016
10401_rns_2016-03-30_37e170a9-18f3-4397-b76e-da4664169caf.pdf
M&A Activity
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PRESS RELEASE
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31 MARCH 2016
METALS X ACQUIRES GUNGA GOLD DEPOSIT
Metals X Limited ( Metals X ) is pleased to advise that it has acquired the Gunga Gold Deposit approximately 30 km west of its Jubilee Mill at its South Kalgoorlie Operations.
Open pit mining is planned and will provide supplementary feed to the Jubilee Mill over the ensuing years.
The purchase price is $1.5 million in cash with additional payments of $500,000 if gold production exceeds 10,000 ounces and a further $500,000 if gold production exceeds 30,000 ounces.
Completion remains subject to FIRB and Ministerial Approvals only.
ENQUIRIES
Peter Cook Executive Director & CEO e: [email protected]
Warren Hallam Executive Director e: [email protected]
Rod Corps Manager – Investor Relations e: [email protected]
[email protected] www.metalsx.com.au
ASX Code: MLX OTCQX Code: MLXEF
Level 3, 18–32 Parliament Place West Perth WA 6005 Australia