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Investment Summary

Metals X Invests In Central Tanami Project

On February 9, 2015, Metals X invested in metals/mining company Central Tanami Project from Tanami Gold

Investment Highlights
  • This is Metals X’s 2nd transaction in the Metals/Mining sector.
  • This is Metals X’s 2nd transaction in Australia.

Investment Summary
Date 2015-02-09
Target Central Tanami Project
Sector Metals/Mining
Investor(s) Metals X
Sellers(s) Tanami Gold
Deal Type Stake Purchase

Target

Central Tanami Project

Australia
The Central Tanami Project is an outstanding land package with significant resource base and infrastructure in place. In particular, the Groundrush ore system is large, high-grade with magnificent metrics for underground mining at high production rates and very competitive costs. There remains significant plant and infrastructure in place and a rapid re-start of operations is possible.

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Investor(S) 1

Investor

Metals X

South Perth, Australia
Category Company
Founded 2004
Sector Metals/Mining
Employees175
Revenue 219M AUD (2024)
DESCRIPTION

Metals X is a diversified resource company exploring and developing metals and minerals in Australia. Metals X was founded in 2004 and is based in South Perth, Australia.

DEAL STATS #
Overall 2 of 3
Sector: Metals/Mining M&A 2 of 3
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 2 of 3
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Westgold Resources

East Perth, Australia

Westgold Resources Ltd. manages an exploration and development of mineral properties in Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 Silver Lake Resources - Comet Gold Project

Australia

The Comet Gold Project covers an area of 50 square kilometres and includes the Comet, Comet North and Pinnacles Mines which includes the Lunar/Solar Prospects. Silver Lake has previously reported a total mineral resource estimate of 3.8 million tonnes at 2.9 g/t Au containing 353,000 ounces of gold (refer to Silver Lake’s 2015 Annual Report). Metals X’s initial focus will be on the Comet mine which it plans to develop as an underground operation consisting of a current total mineral resource estimate of 1.46 million tonnes at 4.8 g/t Au containing over 225,000 ounces.

Buy AU$3M

Seller(S) 1

SELLER

Tanami Gold

South Perth, Australia
Category Company
Founded 1968
Sector Metals/Mining
Revenue 8M AUD (2024)
DESCRIPTION

Tanami Gold engages in the mining and exploration of gold properties in Australia. The company’s principal project is the Central Tanami project located in the Northern Territory, Australia. Tanami Gold was founded in 1968 and is based in South Perth, Australia.

DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2015 M&A 1 of 1
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