NES: Yarri Project Acquisition
NELSON RESOURCES LIMITED.
- The Company has entered an agreement to acquire 6 prospecting licenses and two mining license applications, increasing the size of the Yarri gold project from 0.35 km2 to 8.76 km2.
- Significant drill results provide scope for defining a maiden JORC Mineral Resource at Yarri.
- Consideration for the acquisition consists of an upfront payment of $35,000 cash, 25 million shares, $75,000 of deferred Nelson shares, and up to $150,000 based on performance milestones.
2023-05-19 09:45:00