Tectonic Gold (TTAU NXX) has announced a new joint venture agreement on its Mount Cassidy license area in Queensland. The deal with White Prospecting will enable the JV partner to mine alluvial gold on this license area with 7.5% of gross royalties going to TTAU. The deal is designed to provide near term cashflow to TTAU without shareholder dilution which has been a key aim of management since the company was formed.
13 Jul 2021
VSA Morning Miner 13/07/21 (Tectonic Gold)
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VSA Morning Miner 13/07/21 (Tectonic Gold)
Tectonic Gold Plc (TTAU:PLU) | 0.2 0 0.0% | Mkt Cap: 1.68m
- Published:
13 Jul 2021 -
Author:
Oliver O’Donnell -
Pages:
3
Tectonic Gold (TTAU NXX) has announced a new joint venture agreement on its Mount Cassidy license area in Queensland. The deal with White Prospecting will enable the JV partner to mine alluvial gold on this license area with 7.5% of gross royalties going to TTAU. The deal is designed to provide near term cashflow to TTAU without shareholder dilution which has been a key aim of management since the company was formed.