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Australian Gold and Copper (ASX:AGC) has this week executed a binding tenement sale agreement with Eastern Metals (ASX:EMS) to acquire a 6.5-kilometre-long Browns Reef Project close to AGC’s flagship South Cobar dig.
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This content is disseminated in partnership with Australian Gold and Copper. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Joining HotCopper to discuss the major move is the company’s managing director, Glen Diemar, who said the deal was “super exciting” for holders.
“This is our second acquisition in two months’ time, and this one is really something special,” he declared. “This is literally ten times bigger [than the company’s Achilles site] and has 24 kilometres worth of historic drilling.”
“This one cements us as a really good company to watch, we believe.”
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