GoldArc Expands Leonora South Footprint with Strategic Kookynie Acquisition
GoldArc Resources Limited (ASX:GA8) has entered into a binding agreement to acquire the Niagara West and North tenement package from Regener8 Resources, strengthening its land position in the Leonora South Gold Project. The transaction, valued at up to AU$2.5 million, comprises AU$1.5 million in GoldArc shares and up to AU$1.0 million in milestone-based contingent consideration linked to future JORC-compliant mineral resource targets. The acquisition remains subject to shareholder and regulatory approvals.
The acquired ground adjoins GoldArc’s existing Orion and Sapphire deposits and includes historical high-grade gold workings as well as encouraging modern drilling results. Management believes the acquisition enhances exploration potential by extending a continuous mineralised corridor across the Kookynie district. In a separate transaction, GoldArc also secured tenement application P40/1622, further consolidating its regional footprint. The newly acquired assets are expected to become a priority in the company’s upcoming exploration campaign, supporting its strategy of expanding resources through targeted acquisitions and systematic drilling across underexplored gold-bearing structures.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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GoldArc Expands Leonora South Footprint with Strategic Kookynie Acquisition
GoldArc Resources Limited (ASX:GA8) has entered into a binding agreement to acquire the Niagara West and North tenement package from Regener8 Resources, strengthening its land position in the Leonora South Gold Project. The transaction, valued at up to AU$2.5 million, comprises AU$1.5 million in GoldArc shares and up to AU$1.0 million in milestone-based contingent consideration linked to future JORC-compliant mineral resource targets. The acquisition remains subject to shareholder and regulatory approvals.
The acquired ground adjoins GoldArc’s existing Orion and Sapphire deposits and includes historical high-grade gold workings as well as encouraging modern drilling results. Management believes the acquisition enhances exploration potential by extending a continuous mineralised corridor across the Kookynie district. In a separate transaction, GoldArc also secured tenement application P40/1622, further consolidating its regional footprint. The newly acquired assets are expected to become a priority in the company’s upcoming exploration campaign, supporting its strategy of expanding resources through targeted acquisitions and systematic drilling across underexplored gold-bearing structures.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au