Apex Minerals says it will consider a joint venture and other alternatives for its Youanmi gold project, which it has put up for sale.
In a statement today, Apex said it was pursuing a range of options in respect to the Western Australian gold project.
"These options include the possible sale, joint venture and any other alternatives presented to the company which the board deems to be in the best interest of shareholders," Apex said.
The comment comes after WA Business News reported yesterday that Youanmi had been put up for sale on the MinesOnline.com website.
"Apex has previously advised the market ... that no production from Youanmi is envisaged as part of the current Wiluna production plan," the company said.
"As a result, Apex no longer considers Youanmi as a core asset.
"Accordingly, Apex is seeking expressions of interest in the asset. The Company plans to review any propositions put to it as a result of this process and will advise the market when it has made a decision on what action it will take, if anything in respect to Youanmi.
"In the mean time Apex will continue to focus on production and exploration at its Wiluna Gold Project and will advise the market of its progress either before or as part of its March quarterly report."
The decision to divest Youanmi comes five months after Apex offloaded another of its gold assets, the Aphrodite gold project near Kalgoorlie, to unlisted Aphrodite Gold for $7.2 million.
Shares in Apex were unchanged at 2.5 cents at 10:39 AEST.
