Pacific Bauxite Gets Option to Acquire Interest in Ebagoola South Gold Project

  • Nov 15, 2019 AEDT
  • Team Kalkine

Pacific Bauxite Limited (ASX: PBX), an Australian mineral explorer, has executed a binding agreement pursuant to which it has been granted a 6-month option to acquire a 50% interest in the Ebagoola South Gold Project.

Key Highlights:

  • There will be a 50-50 joint venture with the Aurum Pacific Group over the project;
  • It will be an attractive opportunity to diversify into gold and expand Australian operations;
  • The South Gold project consist of exploration permit for minerals (EPM) 26678 which covers a total area of 312.6 square kilometres in highly prospective gold region.

At AEST 12:41PM, the stock was trading at $0.005 per share, 25% up from its previous close.

 

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