Regis Resources has acquired 35 tenements from Duketon Mining

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.