M&A Deal Summary

Fosterville South Exploration Acquires Mercator Gold Australia Pty - Timor Project Avoca Project and Moormbool Project

On April 20, 2020, Fosterville South Exploration acquired metals/mining company Mercator Gold Australia Pty - Timor Project Avoca Project and Moormbool Project from Mercator Gold Australia Pty for 3M AUD

Acquisition Highlights

This is Fosterville South Exploration’s 1st transaction in the Metals/Mining sector.
This is Fosterville South Exploration’s 0th largest (disclosed) transaction.
This is Fosterville South Exploration’s 1st transaction in Australia.

M&A Deal Summary
Date	2020-04-20
Target	Mercator Gold Australia Pty - Timor Project Avoca Project and Moormbool Project
Sector	Metals/Mining
Buyer(s)	Fosterville South Exploration
Sellers(s)	Mercator Gold Australia Pty
Deal Type	Divestiture
Deal Value	3M AUD

Target

Mercator Gold Australia Pty - Timor Project Avoca Project and Moormbool Project

Avoca, Australia

Mercator Gold Australia Pty Ltd. - Timor Project, Avoca Project, and Moormbool Project are gold exploration projects based in Victoria, Australia. The Timor project area contains numerous hard rock and alluvial gold deposits evidenced by significant historical workings. Historical alluvial production within the Timor project area is believed to have been in the region of 640,000 ounces of gold. The Avoca project is located approximately 183 km west-northwest of the Victorian state capital Melbourne, with good road access. The Avoca project occurs within the Stawell Zone, west of the Bendigo and Melbourne Zones. The Moormbool project area occurs east of Fosterville within the Melbourne Zone and is underlain by Siluro-Devonian rocks. It covers an area between the Redcastle and Graytown goldfields, within which occurs a southeast striking large regional fault.

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