The Global Resource For Connecting Buyers and Sellers

Sandfire buys Ventnor out at Green Dragon project

ASX-listed Sandfire Resources is purchasing the remaining 65% of joint venture (JV) partner Ventnor Resources’ Thaduna/Green Dragon copper project for $3-million. Sandfire will pay Ventnor $2-million in shares, a further $1-million if it decides to mine the project and a 2% net smelter royalty up to 90 000 t of copper and an ongoing 1% royalty on further production.