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Terrain offloads Great Western for $2.2M in scrip Bulls N' Bears 03 Apr 2020

Terrain offloads Great Western for $2.2M in scrip

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Terrain Minerals has offloaded its Great Western gold project near Leonora to ASX-listed Red5 under an option agreement that will see Terrain receive $2.2 million worth of Red5 scrip. The company has already pocketed $300k from Red5, who purchased the option for the Great Western project in November last year. Terrain will use the funds to launch exploration programs at its Wild viper and Smokebush projects.

Terrain to cash out of gold project for $2.5 million Bulls N' Bears 11 Nov 2019

Terrain to cash out of gold project for $2.5 million

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Terrain Minerals has optioned up its Great Western Gold project near Leonora for potential sale to ASX-listed Red5 for $2,500,000. The Great Western gold project is situated on a granted mining lease and contains a 63,000-ounce resource. Terrain will retain its Wild Viper project, which fully envelopes the Great Western project. The sale of Great Western will see Terrain cashed up and on the hunt for new projects.

Growth plans for WA gold miners Mining 02 Aug 2018

Growth plans for WA gold miners

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Three Western Australian gold miners have outlined their growth plans, with Saracen Mineral Holdings announcing a 20 per cent increase in reserves, Northern Star Resources unveiling a $60 million exploration budget, and Red 5 targeting annual production of more than 100,000 ounces.

30 Aug 2005

Red 5 Ltd

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Red 5 Ltd 22-Aug-05 Merrill Crowe Corporation became a substantial shareholder with a relevant interest of 16,829,886 ordinary shares (6.27%).

30 Aug 2005

Red 5 Ltd

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Red 5 Ltd 26-Aug-05 Anglo Ashanti Gold Ltd increased its substantial shareholding from 31,000,000 ordinary shares (12.3%) to 37,833,945 ordinary shares (14.09%).

16 Aug 2005

Red 5 Ltd

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Red 5 Ltd 27-Jul-05 Mathews Capital Partners Sabre Fund became a substantial shareholder with a relevant interest of 15,507,964 ordinary shares (6.2%).

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