Premier1 Lithium Completes 100% Acquisition of Yalgoo Gold Project in Western Australia
Premier1 Lithium Limited has completed a 100% acquisition of the Yalgoo Gold Project in Western Australia, securing the remaining interests from Bright Point Gold Pty Ltd and Critica Limited. The project encompasses approximately 266 square kilometers and includes the Wadgingarra Gold Prospect, which has an Inferred Mineral Resource of 150kt at 2.7g/t Au. To support exploration and operational activities, Premier1 will raise $650,000 and issue 42,721,320 Performance Rights to Directors, pending shareholder approval.
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Premier1 Lithium Limited has completed the acquisition of 100% ownership of the Yalgoo Gold Project in Western Australia, enhancing its exploration and development potential. The acquisition finalizes the purchase of remaining interests from Bright Point Gold Pty Ltd and Critica Limited, covering approximately 266 square kilometers within the Yalgoo-Singleton Greenstone Belt.
The Wadgingarra Gold Prospect within the project hosts an Inferred Mineral Resource of 150kt at 2.7g/t Au. Premier1 will pay $230,000 in shares and $50,000 in cash for full ownership. The company has also announced a placement to raise $650,000 for exploration activities at Yalgoo and general working capital, and will issue 42,721,320 Performance Rights to Directors, pending shareholder approval.
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