Antler Gold Provides Update on the Erongo Gold Project Option Agreement

Antler Gold Provides Update on the Erongo Gold Project Option Agreement

Antler Gold Inc. (TSXV: ANTL) ("Antler" or the "Company") is pleased to provide an update on the expected execution date of the previously announced option agreement with Fortress Asset Management LLC ("Fortress") regarding the Erongo Central Gold Project (the "Project") in Namibia.

As announced on May 23 and 24, 2024, the Company's subsidiary, Antler Gold Namibia (Proprietary) Limited entered into a binding letter of intent dated May 23, 2024 with Fortress (the "LOI"), which allows Fortress to acquire up to a 100% interest in the Project for total consideration of US$5.5 million and incurring US$6.0 million in exploration expenditures, with Antler retaining a 2% net smelter return royalty and acting as the operator for the Project during the three option periods (the "Transaction").

The LOI contemplates that the parties will enter into a definitive option agreement within 45 business days of the execution of the LOI, namely by July 24, 2024. By mutual agreement of the parties, the date for the signing of the definitive option agreement has now been extended to September 16, 2024.

Antler has secured shareholder approval of the Transaction contemplated by the LOI at its Annual and Special Meeting held on July 15, 2024 and is currently working closely with Fortress to finalize the definitive option agreement.

For a more detailed description of the agreement, please refer to the following press releases:

  • May 23, 2024: "Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia"
  • May 24, 2024: "Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia is Subject to TSX-V and Shareholder Approval"

About Antler Gold Inc.

Antler Gold Inc. is a Canadian listed mineral exploration company focused on the acquisition and exploration of mineral projects in Africa's Top-Ranked Jurisdictions, with exposure to both gold and Rare Earth Elements. The Company continues to assess new regional opportunities with the aim of building a risk diversified business model, which allows the company to generate short and long- term income whilst providing stakeholders with exposure to potential multiple returns that are generated from the discovery process.

Cautionary Statements

This press release may contain forward-looking information, such as statements regarding the completion of the transaction subject to the LOI and future plans and objectives of Antler and its subsidiaries, including Antler Gold Namibia (Proprietary) Limited in relation to the Project. This information is based on current expectations and assumptions (including assumptions in connection with the continuance of the applicable company as a going concern and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict, including risks relating to the ability to satisfy the conditions to completion of the transaction contemplated by the LOI. Actual results may differ materially from results suggested in any forward-looking information. Antler assumes no obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings made by Antler with Canadian securities regulators, copies of which are available at www.sedarplus.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact Chris Drysdale, CEO of Antler Gold Inc. at +264 81 220 2439 or email at chris@antlergold.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220832

News Provided by Newsfile via QuoteMedia

ANTL:CC
The Conversation (0)
Antler Gold (TSXV:ANTL)

Antler Gold

Strategic Project Generation in Africa's Rare Earths and Gold Market

Antler Gold Finalizes the Erongo Gold Project Agreement

Antler Gold Finalizes the Erongo Gold Project Agreement

Antler Gold Inc. (TSXV: ANTL) ("Antler" or the "Company") is pleased to announce that it has entered the definitive agreement (the "Definitive Agreement") with Fortress Asset Management LLC ("Fortress") for the Erongo Central Gold Project (the "Project") in Namibia.The previously announced... Keep Reading...
Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia Is Subject to TSX-V and Shareholder Approval

Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia Is Subject to TSX-V and Shareholder Approval

Further to Antler Gold Inc.'s (TSXV: ANTL) ("Antler" or the "Company") News Release dated May 23, 2024 (the "Erongo Gold News Release"), the transaction contemplated in the Letter of Intent between the Company and Fortress Asset Management LLC, as described in the Erongo Gold News Release, is... Keep Reading...
Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia

Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia

Antler Gold Inc. (TSXV: ANTL) ("Antler" or the "Company") is pleased to announce that its subsidiary, Antler Gold Namibia (Pty) Ltd ("Antler Nam"), has signed a binding Letter Of Intent ("LOI") with Fortress Asset Management LLC ("Fortress" or the "Optionee"), an arms-length private company.... Keep Reading...
Antler Gold Further Consolidates Land Holdings in the Namibian 'Gold Corridor'

Antler Gold Further Consolidates Land Holdings in the Namibian 'Gold Corridor'

Antler Gold Inc. (TSXV: ANTL) ("Antler" or "Company") is pleased to announce the expansion of its land holding in Namibia. Two additional exploration licenses have been awarded to Antler by the Ministry of Mines and Energy of Namibia, pending issuance of environmental clearance, as well as the... Keep Reading...
Antler Gold Commences Gold Exploration Program at Paresis Gold Project in Namibia

Antler Gold Commences Gold Exploration Program at Paresis Gold Project in Namibia

Antler Gold Inc. (TSXV: ANTL) ("Antler" or "Company") is pleased to announce the commencement of exploration work at the Paresis Gold Project in north central Namibia. Highlights The Paresis Project area covers approximately 21,000 ha within the highly prospective "gold corridor" of Namibia that... Keep Reading...
Heliostar Presents Stronger Economics at the La Colorada Mine in Updated Technical Report

Heliostar Presents Stronger Economics at the La Colorada Mine in Updated Technical Report

Technical Report Highlights: Base Case shows US$66.2M post tax NPV5, 24.4% IRR, with a payback multiple of 1.9 at a US$2,300/oz gold price Upside Case shows US$243.3M post tax NPV5, 168.4% IRR, with a payback multiple of 8.4 at a US$3,500/oz gold price 286k ounces of gold produced at an AISC of... Keep Reading...
Apollo Files NI 43-101 Technical Report for the Calico Silver Project Updated Mineral Resource Estimate

Apollo Files NI 43-101 Technical Report for the Calico Silver Project Updated Mineral Resource Estimate

Apollo Silver Corp. ("Apollo" or the "Company") (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to announce that it has filed the independent technical report for the updated Mineral Resource Estimate ("MRE") for the Calico Silver Project ("Calico" or the "Calico Project"). The report titled... Keep Reading...
NevGold Discovers High-Grade Oxide Antimony "Bullet Zone" From Surface with 2025 Step-Out Drilling: 14.90 g/t AuEq Over 4.6 Meters  Within 2.42 g/t AuEq Over 53.3 Meters  at Limo Butte, Nevada

NevGold Discovers High-Grade Oxide Antimony "Bullet Zone" From Surface with 2025 Step-Out Drilling: 14.90 g/t AuEq Over 4.6 Meters Within 2.42 g/t AuEq Over 53.3 Meters at Limo Butte, Nevada

Nevgold Corp. (" NevGold " or the " Company ") ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce the discovery of high-grade oxide antimony in the new antimony-gold "Bullet Zone" from surface at its Limousine Butte Project (the "Project", "Limo Butte") in Nevada. The... Keep Reading...
Locksley Resources Limited  Rice University DES Processing Technology Update

Locksley Resources Limited Rice University DES Processing Technology Update

Perth, Australia (ABN Newswire) - Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF), is pleased to provide an update on the advanced research program underway at Rice University in Houston, Texas. HIGHLIGHTS - Rice University advancing identification of the Deep Eutectic... Keep Reading...
Nine Mile Metals Announces Phase 2 XRF High-Grade Results up to 17.41% Copper from the Upcoming Drill Area at the Wedge Project, Bathurst, New Brunswick

Nine Mile Metals Announces Phase 2 XRF High-Grade Results up to 17.41% Copper from the Upcoming Drill Area at the Wedge Project, Bathurst, New Brunswick

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTCQB: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce (35) Wedge Phase 2 - XRF results for volcanogenic massive sulphide (VMS) mineralization ore samples collected from the upcoming northwestern drill area on the Wedge VMS... Keep Reading...
Theia Infill Drilling - Broad Zones of High-Grade Gold

Theia Infill Drilling - Broad Zones of High-Grade Gold

Astral Resources (AAR:AU) has announced Theia Infill Drilling - Broad Zones of High-Grade GoldDownload the PDF here. Keep Reading...

Latest Press Releases

Related News