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Golden Mile Resources Ltd (ASX:G88)

ALERT: Price-sensitive ASX Announcement for G88
Current share price for G88 : $0.007 0.001 (7.69%)+
Announcement
Release
14 Apr 2026 8:47AM
Price at Release
$0.007
Full Release
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Summary
Golden Mile Resources Ltd (ASX: G88) has entered into a binding agreement to sell its remaining 20% interest in the Leonora Gold Joint Venture (JV) to Navigator Mining Pty Ltd, a subsidiary of Patronus Resources Limited (ASX: PTN), for A$250,000. This transaction is expected to complete next week, contingent upon the satisfaction or waiver of certain conditions, including regulatory approvals and third-party consents. The Leonora Gold JV, located in the Eastern Goldfields of Western Australia, comprises several tenements including Benalla, Normandy, Monarch, and Ironstone Well project areas. Navigator Mining had previously earned an 80% interest in the project by satisfying Stage 2 expenditure requirements.
Key Points
  • Golden Mile Resources Ltd sells 20% interest in Leonora Gold JV.
  • Transaction value: A$250,000.
  • Buyer: Navigator Mining Pty Ltd, subsidiary of Patronus Resources Limited.
  • Completion expected next week subject to conditions.
  • Leonora Gold JV located in Eastern Goldfields, WA.
  • Navigator previously earned 80% interest.
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.