Golden Rim Resources Ltd (ASX:GMR) has agreed to extend its entry into a binding heads of agreement (HoA) to acquire two exploration permits adjoining the Kouri Gold Project in West Africa.
Through the acquisition of Lafi Gold, Golden Rim will enter into a definitive agreement on March 31, 2019, to acquire the Goueli and Margou exploration permits.
More than 1.4 million ounces in defined resources
The parties continue to progress the finalisation of the definitive agreement and Golden Rim will continue to update the market in respect to the proposed acquisition.
The Kouri Gold Project in northeast Burkina Faso contains more than 1.4 million ounces of gold in defined mineral resources with significant upside potential to grow.
- Jessica Cummins