Media ReleasesAuStar Gold

View All AuStar Gold News


AuStar Gold enters agreement to acquire Centennial Mining

MAJOR CONSOLIDATION TO CREATE A MULTI-MINE GOLD PRODUCTION COMPANY WITH A STRONG STRATEGIC VICTORIAN FOOTPRINT AND SUBSTANTIAL PROCESSING CAPACITY

  • AuStar Gold Limited (ASX:AUL, “AUL”, “AuStar” or “the Company”) has reached agreement to acquire via merger 100% of Centennial Mining Limited (“CTL”, or “Centennial”), owner of the A1 Gold Mine near Woods Point and the Maldon CIL processing plant near Bendigo, Victoria, via implementation of a Deed of Company Arrangement (DOCA) over CTL (and subject to CTL creditor approval);
  • The acquisition will deliver significant regional consolidation, substantially increasing the Company’s ore resources while delivering very substantial expected corporate synergies;
For further information please download the attached PDF: Download this document

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.