Thomson Resources Limited entered into an agreement to sell its Texas Project

Thomson Resources Limited (ASX: TMZ) announced that it had entered into a contract with Warwick Gold Holdings Pty Ltd (WGH), under which WGH will buy the Texas Project and all its assets from Thomson. The total sale consideration to be paid to Thomson Resources will be approximately AU$3.5 million.

WGH will acquire all of the assets of Thomson in relation to the Texas Project, comprising 2 Mineral Leases, 7 Exploration Permit Minerals, 4 freehold properties, 2 Environmental Authorisations, various plant & equipment associated with the mining operations, and All mineral resources, including in the heap leach pads, heap leach circuit, and low-grade stockpiles.

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