Acquisition of 100% of Benmara Project
The consideration for the final stage of the agreement of outright purchase of the Benmara Project (EL32228) comprises a payment of $250,000 in RML shares or cash, at RML's election. Resolution has elected to make payment via the issue of 13,773,778 shares as approved by shareholders at today's Annual General Meeting. The number of shares has been calculated using the VWAP over the 5 day period prior to RML's election to proceed. The consideration shares will be issued on 12 November 2021.
About Resolution Minerals Ltd
The company is led by Managing Director Duncan Chessell and an experienced team with proven success in corporate finance, marketing, metallurgy and geoscience. This equips Resolution Minerals with the tools to meet the changing demands of the mining markets.
Resolution Minerals Ltd Listed on the ASX in 2017 with a focus on the exploration of the Wollogorang Copper Cobalt Project. It has since aquired the Snettisham Vanadium Project and more entered into a binding agreement witth Millrock Resources to earn up to 80% of the highly prospective 64North Gold Project.
Resolution Minerals Ltd