Regis Resources (ASX:RRL) has agreed to acquire a strategic package of tenements surrounding its Duketon Operations from Duketon Mining (ASX: DKM) for $20 million.
The Company has acquired 35 tenements, of which 32 are granted Exploration Licenses with three applications pending.
The tenement package will increase Regis’ landholding in the Duketon Greenstone Belt by approximately 2,000 kilometres.
Importantly, the tenement acquisition includes multiple advanced gold exploration prospects which will be the focus of immediate exploration.
Shares in Regis Resources (ASX:RRL) closed -0.59 per cent lower at $5.03 on Friday.