21 January 2026
21 January 2026
The deal, valued at $299m (A$443.16m), will follow a scheme of arrangement under Australian law.
Venezuela hosts reserves of critical minerals such as copper, nickel, silver and aluminium (via bauxite).
The transaction involves agreements with Chaarat Gold and Kyrgyzstan’s National Investment Agency.
Sedgman will lead this phase of the project, with assistance from Snowden Optiro and SRK Consulting.
The new lease includes the East Daffodil gold deposit and links to areas containing the Pansy Pit and the historic Shamrock Pit.
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