Australian Gold Investments Ltd (AGV or the Company) is pleased to announce that in addition to the recently announced acquisition of 80% interests in the South Johnstone Projects, it has reached binding agreement to acquire 80% interests in the South Queensland Projects from Volcan Holdings Inc (Volcan).
The extensive South Queensland Projects include the Childers, Kingaroy and Pittsworth Bauxite Projects, and are believed to contain potential for some of the largest bauxite occurrences in the portfolio. In addition, the Company has reached binding agreement to acquire the remaining 20% interests in the South Johnstone Projects in Queensland, from Plateau Bauxite Limited, increasing the Company’s position in the South Johnstone Projects to a 100% interest.
To read full announcement click here:
