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Tombola Gold Ltd (ASX:TBA) is pleased to announce that it has secured a significant and strategic regional footprint around the Company's existing Mt Freda project via the formalisation of the acquisition agreements for the Lorena Gold Project.
Further to the Company's previous release of 20 June 2022, Tombola Gold Ltd (ASX:TBA) wishes to advise that the timeframe for the Due Diligence associated with the transaction has been extended by mutual agreement from 30 June to 7 July 2022.
Tombola Gold Ltd (ASX:TBA) is pleased to announce that it has signed a binding Term Sheet to acquire 100% of the Lorena Processing Facility, located only 30km from the Company's 100% owned flagship Mt Freda Gold Mine in Cloncurry, Queensland.
Rincon Resources Pty Ltd The Company advised in late June 2020 that it had invested AUD$250,000 (approximately £140,000) in Rincon Resources Pty Ltd ("Rincon"), an Australian gold and base metals exploration company. At the time the Company investment represented approximately 28% of Rincon. Rincon Resources is a Western Australian ("WA") focused gold and base metals company and holds the rights to three highly prospective projects in WA, with a main focus on the South Telfer Project, covering 50,000-hectares in the Paterson province. The South Telfer Project is approximate...