Kaiser Reef Ltd (AU:KAU) has released an update.
Kaiser Reef Ltd has announced the sale of its NSW exploration assets to HearMeOut Limited for up to $3.625 million, enabling Kaiser to concentrate on its primary gold mining initiatives in Victoria. The deal, which includes a 20% free carried interest for Kaiser until a mining decision is made, allows the company to retain a stake in the future success of the projects. Kaiser’s strategic move aims to enhance focus on their A1 Gold Mine development while benefiting from the divestment through various forms of consideration including cash, shares, and performance rights.
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