Carbine Resources To Purchase Mount Morgan Gold-Copper Mine


News: Carbine Resources has signed an earn-in agreement with local company Raging Bull Mining to purchase the Mount Morgan Gold-Copper Mine in Queensland and the Kundana carbon in pulp (CIP) gold processing plant in Western Australia. Carbine will purchase Mount Morgan by acquiring Raging Bull Metals. Carbine plans to utilise the technical expertise of Raging Bull in the development of the Mount Morgan project. The company also plans to start a feasibility study to assess the viability of resuming tailings operations and complete the processing of all remaining resources.

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Related sectors of this article: Mining
Geography: Australia