WPG Resources Ltd (ASX:WPG)
is pleased to announce it has entered into an agreement to sell its large and strategically located block of land in Port Pirie for $750,000. This means WPG is well funded to complete the feasibility of the Tarcoola gold project and take the project through permitting. It will also allow sufficient funds to undertake exploration activities on high priority targets at Tunkillia.
The full sale terms have been agreed in commercial confidence between the purchaser and vendor. Contracts for sale have been exchanged and settlement is anticipated in September 2015 subject to completion of due diligence by the purchaser and satisfaction of conditions precedent.
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