The Conversation (0)
February 01, 2024
Labyrinth Resources Limited (ASX: LRL) (‘Labyrinth’ or ‘the Company’) refers to the ASX announcement dated 8 January 2024 regarding the cash sale of the Labyrinth and Denain Projects for USD$3.5M cash.
Under the terms of the Sale and Purchase Agreement (‘SPA’) with Gold Projects WA Pty Ltd (‘GPWA’), the settlement date was scheduled for 31 January 2024. The Company continues to work closely with GPWA to satisfy the key conditions of the SPA. An extension to the settlement date was mutually agreed upon to close out all items.
As such, GPWA has agreed to extend the settlement date to 16 February 2024.
The Company looks forward to updating investors on the completion of the sale within the coming weeks.
Click here for the full ASX Release
This article includes content from Labyrinth Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
LRL:AU
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
31 August 2023
Labyrinth Resources
Developing underexplored gold assets in the prolific Canadian Abitibi Gold Belt and the Yilgarn Craton of Western Australia.
Developing underexplored gold assets in the prolific Canadian Abitibi Gold Belt and the Yilgarn Craton of Western Australia. Keep Reading...
22 June
John Feneck: Gold, Silver — Price Targets, Key Levels to Watch
John Feneck, portfolio manager and consultant at Feneck Consulting, shares his outlook for gold and silver, commenting on the impact of the latest US Federal Reserve meeting — the first with Chair Kevin Warsh at the helm — and the deal between the US and Iran.He sees the gold price revisiting... Keep Reading...
19 June
Top 5 Canadian Mining Stocks This Week: Lighthouse Gold Shines with 78 Percent Gain
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Reuters reported on Friday (June 19) that a Panamanian government-led audit of First Quantum... Keep Reading...
19 June
David Nicholas: Gold's Next 30 Days — 10 Percent Price Pop?
David Nicholas, co-founder of XFunds, shares his outlook for gold, calling it "very constructive." In his view, it wouldn't be surprising to see an 8 to 10 percent price increase in the next 30 days. "I think gold and silver are the next trades to do really well here," Nicholas said.Don't forget... Keep Reading...
19 June
DGCX Introduces First Same-Day Physical Gold Contract in Gulf
The Dubai Gold and Commodities Exchange (DGCX) will launch the Gulf region’s first same-day physically settled spot gold contract on Monday (June 22), providing bullion dealers a regulated alternative to traditional over-the-counter markets.The Gold Spot T+0 Contract allows refineries, brokers,... Keep Reading...
17 June
Gold Price Dips Back Below US$4,300 as New Fed Chair Holds Rates Steady
The US Federal Reserve held its first meeting with new Chair Kevin Warsh from Tuesday (June 16) to Wednesday (June 17) as a US-Iran peace deal is on the table and the US economy is in the midst of a three-year inflation high alongside a resilient labor market. The central bank held the federal... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00