Great Divide Mining Signs Agreement with Dart Mining to Farm Out Queensland Gold-Antimony Project

MT Newswires Live

Mar 12, 2025

Great Divide Mining (ASX:GDM) signed a binding agreement with Dart Mining (ASX:DTM) to farm out its Coonambula gold-antimony project in Queensland, according to a filing with the Australian bourse on Wednesday,

Dart has been appointed as the manager to operate the joint venture. The agreement is subject to a 90-day due diligence period and approval by Dart's shareholders.

Dart will initially take a 15% holding in the six exploration tenements at the project by paying Great Divide AU$250,000 in cash, extending to 51% by Dart conducting a minimum of 4,000m of drilling and preparing two geological and resource reports over a two-year period.

Dart will rapidly move towards exploration drilling initially at the Banshee antimony prospect.

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The agreement is subject to a 90-day due diligence period and approval by Dart's shareholders.</p><p>Dart will initially take a 15% holding in the six exploration tenements at the project by paying Great Divide AU$250,000 in cash, extending to 51% by Dart conducting a minimum of 4,000m of drilling and preparing two geological and resource reports over a two-year period.</p><p>Dart will rapidly move towards exploration drilling initially at the Banshee antimony prospect.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2518039227","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518039227","pubTimestamp":1741756776,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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