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Kidman sets sights on Mt Holland

ASX-listed junior Kidman Resources on Friday entered into a non-binding heads of agreement (HoA) to acquire the Mt Holland gold field, in Western Australia, for A$3.5-million.

Under the terms of the agreement, Kidman would acquire the project for A$500 000 in cash and A$1.5-million worth of Kindman shares, as well as repaying a A$1.5-million debt on behalf of project owner MH Gold.