Proactive Investors - Run By Investors For Investors

ERO Mining to sell Georgetown Gold Project in Queensland

ERO Mining to sell Georgetown Gold Project in Queensland

ERO Mining (ASX: ERO) has decided to commit to the sale of its Georgetown gold operations in Queensland following the review of a number of alternative strategies with respect to the project.

After receiving unsolicited expressions of interest in purchasing the operations, the company believes that the sale of the project is in the best interests of its shareholders.

Site inspections by interested purchasers are scheduled to commence in mid September 2010 and shareholders will be updated on the sale process following these visits.

Adelaide Equity Partners will be managing the Georgetown sale process.

Kevin Lines, managing director, said the planned exploration drilling program over the True Blue/Tunnels prospects will be suspended until the outcome of the sale process is clarified.

View full TYK profile View Profile

Tychean Resources Timeline

March 14 2013

Related Articles

Radiation signs
June 06 2019
The firm's boss remains "very confident in the long term fundamentals of the uranium market" given a combination of constrained supply, the run-off of long term contracts and growing demand outlook
Entrepreneur Tony Sage
November 28 2018
The company is firming up supplies of copper and cobalt in the DRC and Zambia.
Ilmenite ore
January 02 2019
The upgraded resource, which now stands at 101mln tonnes at 7.1% ilmenite, comes as the group prepares to publish a pre-feasibility study in the first quarter of 2019

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use