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Aziana accepts Chinese offer for Madagascar gold projects

Aziana accepts Chinese offer for Madagascar gold projects

Aziana (ASX:AZK) has accepted a US$650,000 cash offer for the sale of its Antandrokazo, Alakamisy and Antakasina gold licences in Madagascar from a private Chinese consortium.

Separately, it has also received an expression of interest for the purchase of its North Sakaleona gold licence.

The sale of the gold licences is in line with its strategy of attracting joint venture partners to advance its Anosivola (copper/gold), Manantenina (bauxite) and Antanisoa (graphite) projects in Madagascar.

It also continues to advance its oil and gas assets in the Gulf of Mexico towards production and subsequent revenue.

Aziana has received a US$25,000 deposit from the Chinese buyers who now have a 60-day exclusivity period to complete due diligence.


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