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Northern Star confirms sale of its Kundana assets to Evolution

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Global Mining Review,

Northern Star Resources Ltd recently announced its intention to sell its Kundana gold assets to Evolution Mining Ltd, and it has now provided an update regarding the progress of the sale.

According to Northern Star, Ministerial consent has been received in relation to the transfer of tenements under the recent binding share and asset sale agreement between the two companies. The share and asset sale agreement is now unconditional.

Completion is expected to occur in approximately 20 business days, on a date to be agreed by Northern Star and Evolution.

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Australian mining news Gold mining news