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Echo, Metaliko merger expected to create new gold junior

Echo Resources Ltd. and Metaliko Resources Ltd. are set to announce a merger of their operations, The Australian reported Sept. 28.

The merger would allow Echo to process ore from its Julius deposit, part of the Yandal gold project in Western Australia, in Metaliko's processing plant at Bronzewing.

The combined entity is estimated to have a market capitalization of about A$70 million, according to the publication.