Aus Tin Mining Limited (AU:C7A) has released an update.
Aus Tin Mining Limited has announced the extension of the completion date for the sale of its stake in Renison Coal Pty Ltd to Clara Resources Australia Ltd, with all payments to be finalized by 10 July 2024. This deal includes cash payments and shares in Clara, giving Aus Tin a 19.5% stake in Clara, along with a royalty interest in the Ashford Coking Coal Project’s future coal production. The transaction enables Aus Tin to focus on its North Queensland gold ventures, while maintaining significant exposure to the potential of the Ashford Coal Project for its investors.
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