logo-loader
viewTychean Resources

ERO Mining to sell Georgetown Gold Project in Queensland

au_australia_map_350_4c75ea35045f8.jpg

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.

Quick facts: Tychean Resources

Price: 0 0

ASX:TYK
Market: ASX
Market Cap: £0.00
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Shekel Brainweigh progresses Hitachi Europe R&D and...

Shekel Brainweigh Ltd (ASX:SBW) country manager for Australia Danny Nadri updates Proactive on progress with its signed Hitachi Europe R&D and commercial collaboration agreement.  The automation joint development and marketing agreement is for first-of-its-kind autonomous retail...

11 hours, 19 minutes ago

2 min read