GOLD
ASX-listed junior Kidman Resources on Wednesday announced that it had acquired an initial 80% stake in the Burbanks gold mine and the Coolgardie North gold project, in Western Australia.
Under the terms of the transaction, Kidman would pay private company Blue Tiger Mines A$3-million for the majority stake in the two projects, as well as injecting a total of A$2.4-million in working capital to help fund resource definition drilling at the mines.
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