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Great Southern Mining to increase gold holdings in Western Australia

Great Southern Mining Ltd. entered a binding agreement to acquire a 100% interest in a gold tenement package in Western Australia from Strategic Minerals PLC unit Central Australian Rare Earths Pty Ltd.

The company said Sept. 3 that it will pay a total of A$145,000 in cash and shares to acquire four exploration licenses. Completion of the transaction is expected within a month.

The deal will increase the company's holding in the Laverton region by about 51 square kilometers and secure exploration ground immediately to the south of its Mon Ami project.