Taung Gold (TGIL) has announced a conditional agreement to purchase an effective interest of 21% in an exploration license (EL-127) encompassing a copper gold porphyry project in Western Pakistan for a total consideration of HK$146m (US$19m). EL-127 is contiguous to the Reko Diq project which was previously jointly owned by Antofagasta (ANTO LN) and Barrick Gold (ABX US), which is one of the top ten largest undeveloped copper gold porphyry projects globally.
05 Jan 2017
Proposed Copper Gold Porphyry Acquisition
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Proposed Copper Gold Porphyry Acquisition
Taung Gold International Limited (621:HKG) | 0 0 0.0%
- Published:
05 Jan 2017 -
Author:
Oliver O’Donnell -
Pages:
14
Taung Gold (TGIL) has announced a conditional agreement to purchase an effective interest of 21% in an exploration license (EL-127) encompassing a copper gold porphyry project in Western Pakistan for a total consideration of HK$146m (US$19m). EL-127 is contiguous to the Reko Diq project which was previously jointly owned by Antofagasta (ANTO LN) and Barrick Gold (ABX US), which is one of the top ten largest undeveloped copper gold porphyry projects globally.