Saracen (ASX:SAR) set to acquire Sinclair project

Company News

by Katrina Bullock

Gold miner, Saracen Mineral Holdings (ASX:SAR) has entered into a binding agreement to acquire the Sinclair project from Talisman Mining (ASX:TLM) for $10 million.

The project is 25 kilometers south west of Thunderbox.

Saracen say that the project is a highly prospective yet underexplored gold tenure immediately along strike from Saracen’s Bannockburn project area.

Completion is expected to occur prior to the end of October 2019.

The transaction is subject to a number of conditions including obtaining Glencore’s consent.

Shares in Saracen Mineral Holdings (ASX:SAR) closed 1.93 per cent lower at $3.56 yesterday.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.