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Traka Resources Limited ( (AU:TKL) ) has provided an announcement.
Traka Resources Limited has announced the sale of its non-core Mt Cattlin Gold Project in Western Australia to Prowse Commodities Pty Ltd. The deal includes an upfront cash payment and a 1.0% Net Smelter Return royalty on future gold production, with additional contingent payments based on resource expansion. This move aligns with Traka’s strategic focus on its other gold projects, including a new joint venture in Guinea, and is expected to complete in the second quarter of 2025.
More about Traka Resources Limited
Traka Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company has projects in Australia and has recently entered a joint venture for gold exploration in Guinea.
Current Market Cap: A$4.25M
For an in-depth examination of TKL stock, go to TipRanks’ Stock Analysis page.
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