M&A Deal Summary

Austral Gold Acquires New Dimension Resources- Sierra Blanca Gold-Silver Project

On April 1, 2020, Austral Gold acquired metals/mining company New Dimension Resources- Sierra Blanca Gold-Silver Project from Capella Minerals

Acquisition Highlights
  • This is Austral Gold’s 3rd transaction in the Metals/Mining sector.
  • This is Austral Gold’s 2nd transaction in Argentina.

M&A Deal Summary

Date 2020-04-01
Target New Dimension Resources- Sierra Blanca Gold-Silver Project
Sector Metals/Mining
Buyer(s) Austral Gold
Sellers(s) Capella Minerals
Deal Type Divestiture

Target

New Dimension Resources- Sierra Blanca Gold-Silver Project

Santa Cruz, Argentina
New Dimension Resources' Sierra Blanca Gold-Silver Project is a mining company that consists of approximately 7,000 Ha (70 square kilometers) of mining claims based in Santa Cruz Province, Argentina.

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Buyer(S) 1

Buyer

Austral Gold

Sydney, Australia

Category Company
Founded 1996
Sector Metals/Mining
Revenue 48M AUD (2023)
DESCRIPTION

Austral Gold is a growing precious metals mining and exploration company building a portfolio of assets in South America. The Company's flagship Guanaco Project in Chile is a low-cost producing gold/silver mine with further exploration upside. With an experienced and highly regarded major shareholder, Austral Gold is strengthening its asset base by investing in new precious metals projects in Chile and Argentina that have near-term development potential. Austral Gold was founded in 1996 and is based in Sydney, Australia.


DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Divestiture) 3 of 3
Country (Argentina) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 Troy - Casposo Gold and Silver Project

Argentina

Troy - Casposo Gold and Silver Project comprises gold and silver mining project located in the department of Calingasta, San Juan Province, Argentina, approximately 150km from the city of San Juan, and covers an area of 100.21 km2 .

Buy -

Seller(S) 1

SELLER

Capella Minerals

Mission, British Columbia, Canada

Category Company
Founded 2005
Sector Metals/Mining
DESCRIPTION

Capella Minerals is engaged in the acquisition, exploration, and development of quality mineral resource properties throughout the Americas and in other favorable jurisdictions, with a focus on high-grade precious and base metals deposits. Capella Minerals's current focus is on the discovery of high-grade gold resources at the drill-ready and 100%-owned Savant Lake project in Ontario, in addition to working with Project Operator Yamana Gold on advancing the Domain Joint Venture in Manitoba (NDR 29.6% interest). Capella Minerals also continues to evaluate strategic alternatives for its 100%-owned Las Calandrias and Los Cisnes projects in the highly prospective Deseado Massif of Santa Cruz Province, southern Argentina. Capella Minerals was founded in 2005 and is based in Mission, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Hessjogruva Copper-Zinc-Cobalt Project

Norway

Hessjogruva Copper-Zinc-Cobalt ("Cu-Zn-Co") Project is located approximately 20km SW of Kjøli Cu-Zn-Co project (Figure 1) and has a current mineral inventory (non-Canadian National Instrument NI 43-101 compliant mineral resource) of 3MT @ 1.7% Cu + 1.4% Zn1,2 (or 2.2% Cu equivalent3) based on a total of 12,139m / 68 holes of historical diamond drilling. The project provides Capella with a potential near-term development asset that complements the Company's ongoing exploration activities at the adjacent Kjøli project.

Buy -