trending Market Intelligence /marketintelligence/en/news-insights/trending/7wzyw1nanct0rb775y5ruq2 content esgSubNav
In This List

Alliance Resources increases Wilcherry gold joint venture stake to 79.01%

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Alliance Resources increases Wilcherry gold joint venture stake to 79.01%

Alliance Resources Ltd. said Oct. 16 that wholly owned subsidiary Alliance Craton Explorer Pty. Ltd. increased its interest in the Wilcherry gold joint venture in South Australia to 79.01% as of Sept. 30, while Tyranna Resources Ltd. subsidiary Trafford Resources Pty. Ltd. diluted its interest to 20.99%.

Alliance increased its interest from 75.01% as of June 30 by sole funding expenditure for the quarter ended Sept. 30. Trafford has elected not to contribute to Wilcherry's budget for the period of July 1 to June 30, 2019, of A$3.2 million.

The company said its interest in the joint venture may further increase to 83.64%, if actual expenditures reached the approved budget.