Fitzroy River Corp. Ltd. (AU:FZR) has released an update.
Fitzroy River Corporation Ltd has announced the progression of the Snowy River Gold Mine Project in New Zealand, signaling a major step forward as documents are signed to transfer a gold royalty to Tasman Mining Limited. The Snowy River Royalty, with a baseline value of A$11.6 million, is a crucial component in Federation Mining Pty Ltd’s plans to advance the project to a decision to mine and potentially to gold production within two years. However, there’s no certainty that Tasman will decide to mine or exercise the royalty buy-out option.
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