Metminco gains new substantial shareholder in Sandfire Resources NL
The company’s projects range from early stage exploration through to advanced stage exploration in Columbia and Chile.
Company
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Barys Resources Limited is an ASX listed mineral exploration company focused on increasing shareholder wealth through the acquisition, exploration and development of mineral resource projects in Africa and Central Asia. In Central Asia, the company holds two exploration licences for gold in the North Balkhash region in Kazakhstan, the Dalnee Gold Project and Karakul Gold Project.
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The company’s projects range from early stage exploration through to advanced stage exploration in Columbia and Chile.
The company has commenced the compulsory acquisition process for the remaining Andes shares.
Metminco intends to close the takeover offer at 5pm AEST on August 15, 2019.
The two events are due to run on Wednesday to Friday next week and welcome oil and gas industry professionals, executives and government regulators to the stage in Perth.
The Australian equity market soared on the combination of a global equity rebound, and a big lift in commodity prices overnight.
Joint venture partner MMG Limited will carry out the work testing 10 target areas for potential massive nickel-copper sulphides.