MKO 0.00% 7.0¢ metaliko resources limited

Ann: Intermin acquires further tenure in WA goldfields, page-3

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    Divestment of Kalgoorlie Tenements
    22 March 2016
    Metaliko Resources Limited (ASX: MKO) (“Metaliko” or the “Company”) advises it has executed a formal
    Tenement Sale Agreement for the majority of the Kalgoorlie Gold Project tenements with Intermin Resources
    Limited (ASX: IRC) (“Intermin”).
    The divestment will allow a focused exploration and development effort at the large and highly prospective
    Yandal Gold Project where the Company is targeting the definition of an initial 3-5Mt of open pittable
    resources to restart mining and processing at the Bronzewing Mill.
    The total consideration for the sale is 5 million fully paid ordinary shares in Intermin which have a current
    market value of approximately $375,000.
    The Company has retained the Anthill Gold Prospect (M16/531) located 54km north west of Kalgoorlie and
    plans to advance it toward a commercial outcome.
    For further information, please contact:
    Michael Ruane, Director
    [email protected]
    Office Phone +61 8 9386 9527
 
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Currently unlisted public company.

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