Deals this week: Anglo Pacific Group, Canada Strategic Metals, GoGold Resources and more

5 February 2015 (Last Updated February 5th, 2015 18:30)

Anglo Pacific Group has entered into a $65m agreement with a private party to acquire its royalty interest in the Narrabri coal project, a major thermal coal and pulverised coal injection coal mine located in New South Wales, Australia.

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Anglo Pacific Group has entered into a $65m agreement with a private party to acquire its royalty interest in the Narrabri coal project, a major thermal coal and pulverised coal injection coal mine located in New South Wales, Australia.

The acquisition provides an opportunity for Anglo Pacific to further diversify its production portfolio.

It also entitles the company to royalty income from 1 January and is accretive to the key performance indicators of adjusted earnings per share and dividend cover for this year.

Canada Strategic Metals has announced the acquisition of a new property for its gold-bearing potential.

Located about 5km north-west of the 167 extension property, the new 2,114ha property is 100%-owned by Canada Strategic Metals.

The property was acquired following a compilation of all the information available from the Ministry of Energy and Natural Resources, as well as an assessment of the glacial train aimed at identifying the potential in-situ source of the boulders identified by Visible Gold Mines.

The company plans to do further compilation work on the project and set a work programme for this summer.

GoGold Resources' wholly owned Mexican subsidiary Grupo Coanzamex has signed a letter of intent with Promotora De La Industria Chihuahuense and expects to complete an option agreement in March.

The agreement enables Coanzamex to acquire irrevocable processing rights to additional tailings material, which it intends to process at its Parral heap leach facility.

The additional tailings are located only 1km away from the existing ones and were extracted from the same geological structures as the Parral tailings currently being processed.

Evolving Gold has signed an agreement with NV Gold to amend their existing option agreement, so that the company can purchase a 100% interest in the Rattlesnake Hills project.

The project is located in Natrona County, Wyoming.

In order to purchase the project, NVX must pay EVG $100,000 on execution of the extension, $400,000 on or before 16 February, and $300,000 on or before 15 September.

The extension is subject to receipt of approval of the TSX Venture Exchange by the company and the Canadian Stock Exchange by EVG.

Chilean Metals has completed the acquisition of nine mining concessions totalling 724ha Compañia Minera Casale.

Minera Casale is jointly owned by Chilean subsidiaries of Barrick Gold and Kinross Gold, respectively.

Chilean Metals has also signed a binding letter of intent with two private Chilean individuals pertaining to mining concessions totalling 600ha in the same area.

Under the terms of the agreement, CMX will pay the vendors $50,000 cash and issue 600,000 shares on closing on or around 26 February.


Image: Several companies have signed deals this week. Photo: courtesy of Chaiwat.