Spartan Resources Consolidates Dalgaranga Gold Project with 100% Acquisition

Spartan Resources has acquired the remaining 20% interest in four exploration tenements at its Dalgaranga gold project in Western Australia, increasing its ownership to 100%. The acquisition is part of a deal with Ramelius Resources, valuing Spartan at approximately A$2.4bn. The company will pay an aggregate cash consideration of A$2.5m and the completion is expected in the coming days. The Dalgaranga gold project has seen the discovery of high-grade gold deposits, including Never Never and Pepper, with a combined mineral resource estimate of 2.32 million ounces at 9.32 grams per tonne.