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Fosterville South Exploration ( (TSE:GPAC) ) has provided an update.
Great Pacific Gold Corp. has announced the sale of its Lauriston Project in Victoria, Australia, to Adelong Gold Limited for a combination of cash, shares, and a retained royalty. This transaction is part of GPAC’s broader strategy to divest Australian assets, providing immediate cash inflows and retaining future upside potential through share positions and royalties. The proceeds will support exploration activities in Papua New Guinea, enhancing GPAC’s operational focus and shareholder value.
More about Fosterville South Exploration
Great Pacific Gold Corp. is a company involved in the exploration and development of gold projects. The company focuses on assets in Australia and Papua New Guinea, with strategic equity positions in various gold exploration projects.
Average Trading Volume: 150,535
Technical Sentiment Signal: Sell
Current Market Cap: C$39.93M
Find detailed analytics on GPAC stock on TipRanks’ Stock Analysis page.