trending Market Intelligence /marketintelligence/en/news-insights/trending/_VUD772iXdiB6OwzdclbYA2 content esgSubNav
In This List

Great Boulder to acquire 75% stake in Zebina's Whiteheads gold project

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


Great Boulder to acquire 75% stake in Zebina's Whiteheads gold project

Great Boulder Resources Ltd. said Aug. 30 that it signed an option agreement with Zebina Minerals Pty Ltd. to acquire a 75% interest in the Whiteheads gold project in Western Australia.

Under the agreement, Great Boulder will take a 12-month option to explore the Whiteheads project for a payment of A$50,000 in cash and A$50,000 in shares, with a commitment for minimum on-ground expenditure of A$200,000.

To exercise the option, Great Boulder will pay Zebina an additional A$200,000 in cash and A$200,000 in shares and a one-for-one free attaching three-year option valued at 125% of the 20-day VWAP on the date of exercise.

Great Boulder will then hold 75% of the project tenements, while Zebina will hold a 25% interest free-carried to a decision to mine.

The company said that the project has numerous drill-ready targets and large soil geochemical anomalies to be tested.

In March, Great Boulder executed an option to acquire up to 75% interest in the Yamarna nickel-copper project in Western Australia.