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Great Southern Mining Limited ( (AU:GSN) ) has issued an announcement.
Great Southern Mining Limited has announced the sale of its mining licence for the Southern Star gold prospect to Regis Resources for up to A$9 million. This transaction includes an upfront payment and contingent payments based on gold price thresholds and further mineral discoveries. The deal not only provides GSN with a capital boost for exploration but also establishes a strategic data-sharing alliance with Regis to expedite new discoveries in the Duketon Greenstone Belt. This collaboration positions both companies to leverage near-term development opportunities and potentially unlock significant value in the region.
More about Great Southern Mining Limited
Great Southern Mining Limited (GSN) operates in the mining industry, focusing on gold exploration and development. The company holds significant landholdings in the Duketon Gold Project in Australia, with a strategic focus on underexplored areas within the Duketon Greenstone Belt.
Average Trading Volume: 692,835
Technical Sentiment Signal: Hold
Current Market Cap: A$26.91M
For a thorough assessment of GSN stock, go to TipRanks’ Stock Analysis page.