Spartan Resources acquires remaining interest in Dalgaranga gold project in WA

Australian Securities Exchange (ASX)-listed golden institution Spartan Resources has finalised binding acquisition agreements to get the remaining 20% involvement successful 4 exploration tenements astatine its Dalgaranga golden task successful Western Australia (WA).

The tenements, E59/1904, E59/1906, E21/195, and E59/1709, were antecedently held nether 2 unincorporated associated ventures (JVs), with Spartan holding 80% and backstage parties holding 20%.

With the acquisition, Spartan volition ain 100% of the tenements, and some JVs volition beryllium dissolved.

The institution volition wage an aggregate currency information of A$2.5m, utilising its existent currency balance. The completion of the acquisition is anticipated successful the coming days.

The Dalgaranga golden task is located 65km north-west of Mt Magnet successful the Murchison Region of WA.

Following an operational reset successful November 2022, Spartan shifted absorption from low-grade open-pit mining to high-grade golden exploration and development.

The turnaround of the Dalgaranga task has been marked by the find of the high-grade Never Never and Pepper Gold deposits, which person a combined mineral assets estimation of 2.32 cardinal ounces astatine 9.32 grams per tonne.

The deposits are situated little than 1km from the existing 2.5 cardinal tonnes per annum carbon-in-leach processing plant.

Additionally, the caller find of the Freak Prospect, located 110m southbound of Pepper, is successful adjacent proximity to the underground infrastructure presently nether development. This imaginable further enhances the project's potential.

Spartan enforcement president Simon Lawson said: “We are pleased to beryllium capable to consolidate the tenure instantly adjacent to our flagship Dalgaranga golden project. Moving to 100% ownership provides america with operational flexibility arsenic we advancement guardant with making a re-start determination astatine Dalgaranga underpinned by the high-grade Never Never and Pepper underground deposits.

“A fig of prospects connected these tenements person been identified arsenic being prospective for mineralisation akin to Never Never and Pepper and volition beryllium the taxable of aboriginal exploration programmes.”

Spartan Resources volition beryllium acquired by Ramelius Resources successful a woody valuing the institution astatine astir A$2.4bn, arsenic per an announcement past month.

“Outright ownership of the Dalgaranga exploration tenements assists successful simplifying aspects of our concern exemplary arsenic we proceed to advancement the steps required to instrumentality the transaction with Ramelius that we announced connected 17 March 2025,” Lawson added.

"Spartan Resources acquires remaining involvement successful Dalgaranga golden task successful WA" was primitively created and published by Mining Technology, a GlobalData owned brand.