SLR puts mill up for sale

Company News

Silver Lake Resources (ASX:SLR) is putting its Lakewood Mill in Kalgoorlie, Western Australia up for sale. The company is believed to have received interest to either buy or use the mill. 
 
Silver Lake has operated the mill since 2008 but now longer term strategy has shifted to the Randalls Mill and all available ore is now being processed there. Lakewood in currently care and maintenance. 
 
The gold miner also closed its Murchison project north of Mt Magnet earlier this year, resulting in 42 job losses. 
 
However, gold sales from its Mount Monger operations came in ahead of guidance. 
 
Silver Lake has appointed Lincoln Capital to take care of the sale of the Lakewood Mill. 
 
Silver Lake reported a loss of $47 million for the half year to the end of December 2013. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.