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Minara buys SoG assets

MINARA Resources has announced an agreement to purchase some of Sons of Gwalia’s non-gold project assets. The assets include the Coglia Well nickel-cobalt project, which is 165 kilometres east of its 60 per cent owned Murrin Murrin mine. The Murrin Murrin joint venture participants will become joint owners in Coglia, which consists of an inferred nickel and cobalt resource estimated to contain nickel at a higher grade than the Murrin Murrin project, according to Minara. Included in the transaction are rights to the Eulaminna and Weld Range tenements and a royalty on tenements in the Forrestania region of WA. Minara will also increase its interest in the Mount Weld joint venture, which is 500km north-west of Murrin Murrin, from 75 per cent to 91.25 per cent.

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