Auric Mining (ASX:AWJ) has completed due diligence to acquire the Lindsay's gold project in Western Australia from Top Global Mining and NBC Mining, according to a Tuesday filing with the Australian bourse.
The remaining condition for the acquisition is the resolution of the applications for forfeiture over three mining leases, which are currently before the Wardens Court, set to be heard on Sept. 5, the filing said.
Shares of the company fell 3% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.