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3D Resources Limited ( (AU:ADG) ) just unveiled an update.
Adelong Gold Limited has entered into an agreement to sell its remaining 49% interest in Challenger Mines Pty Ltd to Great Divide Mining Limited for 10 million GDM shares, valued at approximately $3.1 million. This transaction allows Adelong to strengthen its balance sheet, maintain exposure to future gold production through a 1% NSR royalty, and focus on its Lauriston and Apollo projects. The deal resolves all outstanding matters between the parties, providing a clean exit from the joint venture while securing potential future benefits for Adelong’s stakeholders.
More about 3D Resources Limited
Adelong Gold Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold projects. The company is primarily involved in projects located in New South Wales, Australia, with a market focus on enhancing its gold production capabilities.
Average Trading Volume: 16,717,099
Technical Sentiment Signal: Sell
Current Market Cap: A$23.1M
See more data about ADG stock on TipRanks’ Stock Analysis page.