M&A Deal Summary

Karora Resources Acquires Salt Lake Mining - Widgiemooltha & Carr Boyd Projects

On February 8, 2016, Karora Resources acquired metals/mining company Salt Lake Mining - Widgiemooltha & Carr Boyd Projects from Salt Lake Mining Pty for 2M AUD

Acquisition Highlights
  • This is Karora Resources’ 2nd transaction in the Metals/Mining sector.
  • This is Karora Resources’ 0th largest (disclosed) transaction.
  • This is Karora Resources’ 2nd transaction in Australia.

M&A Deal Summary
Date 2016-02-08
Target Salt Lake Mining - Widgiemooltha & Carr Boyd Projects
Sector Metals/Mining
Buyer(s) Karora Resources
Sellers(s) Salt Lake Mining Pty
Deal Type Divestiture
Deal Value 2M AUD

Target

Salt Lake Mining - Widgiemooltha & Carr Boyd Projects

Perth, Australia
Salt Lake Mining - Widgiemooltha & Carr Boyd Projects comprises nickel and copper reserves and are located in Australia.

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Buyer(S) 1

Buyer

Karora Resources

West Perth, Australia
Category Company
Founded 2006
Sector Metals/Mining
Employees210
Revenue 416M CAD (2023)
DESCRIPTION

Karora Resources is a multi-asset mineral resource company focused primarily on the acquisition, exploration, evaluation and development of base metal and precious metal properties. RNC's principal assets are its majority stake in the producing Beta Hunt nickel and gold mine in Western Australia, the Dumont Nickel Project located in the established Abitibi mining camp in Quebec and a 30% stake in the producing Reed Mine in the Flin Flon-Snow Lake region of Manitoba, Canada. Karora Resources was founded in 2006 and is based in West Perth, Australia.

DEAL STATS #
Overall 2 of 4
Sector (Metals/Mining) 2 of 4
Type (Divestiture) 1 of 1
Country (Australia) 2 of 3
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Salt Lake Mining Pty

Perth, Australia

Salt Lake Mining Pty Ltd. is a private company based in Australian focused on developing mineral properties. Its main asset is the Beta-Hunt nickel-gold mine located in Western Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-27 VMS Ventures

North Vancouver, British Columbia, Canada

VMS Ventures Inc. acquires, explores, develops, and evaluates mineral properties in Canada. The company primarily explores for copper, zinc, gold, and silver deposits. Its principal property is the Reed Lake project located to the southwest of Snow Lake, Manitoba.

Buy -

Seller(S) 1

SELLER

Salt Lake Mining Pty

Perth, Australia
Category Company
Founded 2013
Sector Metals/Mining
DESCRIPTION

Salt Lake Mining Pty Ltd. is a private company based in Australian focused on developing mineral properties. Its main asset is the Beta-Hunt nickel-gold mine located in Western Australia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2016) 1 of 1
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