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Aston Minerals Limited (ASX:ASO)

ALERT: Price-sensitive ASX Announcement for ASO
Current share price for ASO : $0.022 0.003 (15.79%)+
Announcement
Release
30 Apr 2025 6:15PM
Price at Release
$0.019
Full Release
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Summary
Aston Minerals Limited has announced a merger with Torque Metals Limited, creating a growth-focused gold exploration company with a strong cash position and significant gold resources across two projects: the Paris Gold Project in Western Australia and the Edleston Gold Project in Ontario, Canada. The merger will see each company's shareholders owning approximately 50% of the new entity. The scheme meetings for this merger are scheduled to be held on 22 May 2025.
Key Points
  • Aston Minerals and Torque Metals are merging to form a new gold exploration company.
  • Shareholders will own approximately 50% of the merged entity.
  • The combined entity will have 1.75Moz in gold resources.
  • The Paris Gold Project contains 250,000oz @ 3.1 g/t Au.
  • The Edleston Gold Project contains 1.5Moz @ 1.0 g/t Au.
  • Directors recommend shareholders vote in favor of the merger.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.