CHESSER RESOURCES LIMITED

CHESSER RESOURCES LIMITED (ASX: CHZ)

Fortuna Silver agrees to acquire 100% of Chesser Resources shares through a Scheme of Arrangement, with 0.0248 Fortuna shares given per Chesser share.
The deal is valued at approximately A$89 million, with a premium of 95% to Chesser's last closing price and 83% premium to the 30-day VWAP.
Chesser's Board unanimously recommends shareholders to vote in favor of the transaction, with the Scheme Booklet expected in July 2023 and voting in August 2023.

2023-05-09 09:24:00

Kassassoko's second batch of assay results show multiple wide intercepts with mineralization open in all directions, indicating potential resource growth at Diamba Sud.
Gamba Gamba Nord drilling returned high-grade mineralization, requiring additional exploration.
Chesser's CEO Andrew Grove highlights the potential of the mineralized system at Kassassoko and notes the structural setting trending over 700m to the northeast to the Southern Arc prospect.

2023-05-05 09:35:00

Kassassoko drilling returned multiple wide, shallow mineralized intervals, indicating potential for significant mineralization at the Diamba Sud.
Geological model shows a granite-hosted mineralized system with recoveries of between 90% and 96% at Kassassoko.
Phase 10 drilling program completed with results from additional holes at Kassassoko and Gamba Gamba Nord awaited.

2023-04-19 09:32:00

Drilling below the Kassassoko artisanal workings returned numerous mineralised intercepts.
Initial drilling over Gamba Gamba Nord geochemical and geophysical targets in the northwest of Diamba Sud intersected mineralisation with a potential 275m strike length.
Drilling to the northeast of Area D intersected multiple shallow mineralised intervals including numerous occurrences of visible gold with grades assaying up to 40.9 g/t gold.

2023-02-23 09:19:00