Resolute Mining Ltd (ASX:RSG) has had major shareholder Dimensional Entities increase its stake in the company to 7.02% from 6.02%.
Dimensional Entities encompasses Dimensional Fund Advisors, a US-headquartered investment firm that applies academic research to practical investing on a global scale.
Resolute recently acquired a 15% interest in Orca Gold (CVE:ORG) by participating in a share placement.
Orca is a first mover in the emerging gold industry in Sudan with a JORC resource of 3.8 million ounces of gold.
The investment in Orca represents a strategic stake in an exciting development opportunity and expands Resolute’s potential project pipeline.
Resolute and Orca will collaborate on opportunities in Sudan, Côte D’Ivoire, and elsewhere in Africa.