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Mining Weekly reported Stellar Resources (ASX:SRZ) has reached an agreement with Gippsland (ASX:GIP) to take full ownership of the Heemskirk tin project.
Mining Weekly reported Stellar Resources (ASX:SRZ) has reached an agreement with Gippsland (ASX:GIP) to take full ownership of the Heemskirk tin project.
As quoted in the market news:
In return for Gippsland’s 40% stake in the Heemskirk project, and subject to shareholder approval, Stellar would issue more than 43.5-million shares. Gippsland would also retain a net smelter return royalty over any future tin production from the Heemskirk project.