Northern Star buys Western Tanami

ASX-listed Tanami Gold has struck a sales and purchase agreement with fellow-listed gold miner Northern Star Resources to divest of its interest in the idled Western Tanami project for A$4-million in cash. The Western Tanami project consists of a number of tenements and a 350 000 t/y carbon-in-leach treatment plant with associated infrastructure. The project was placed on care and maintenance in 2013, following disappointing drilling results.