Navarre Minerals has completed the acquisition of the Mt. Carlton gold mining and processing operation from Evolution Mining. This has included the receipt of indicative government approvals with respect to the transfers of the relevant tenements, which are still subject to procedural formalities.
Mt. Carlton is a gold mining and processing operation located 150km south of Townsville in Queensland. It has been in operation since 2013 producing gold with some copper and silver. It has a proven track record of safety, profitability, and Ore Reserve replenishment. The tenement itself covers an area of 815km2.
Managing Director Ian Holland said “We are extremely pleased to complete this transaction which transforms Navarre into the ranks of gold producer. We also welcome our new investors to the register, while acknowledging the continued support of our existing shareholders.”
Read the full announcement here: NML Completes Acquisition of Mt Carlton Gold Mine