Goldplat has completed the farm-out of the majority of the Anumso gold project in Ghana.
Canada-listed Ashanti Gold (CVE:AGZ), formerly Gulf Shore Resources, can acquire 75% of Goldplat’s (LON:GDP) current 90% stake if it spends US$3mln on exploration.
The project has a current JORC compliant resource of 166,865 oz of gold at 2.04g/t.
Gerard Kisbey-Green, Goldplat’s chief executive, said he was pleased to sign off the deal.
“Goldplat has not been able to make capital available for development of this project over the past few years.
“This agreement will allow the company to retain an interest in the developments of the project with a competent partner, in Ashanti, committing capital, operating and enhancing the value of the project."