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Royal Resources Ltd to fully acquire Aldershot-Royal Joint Venture


Sunday, 24 Nov 2013 08:53pm EST 

Royal Resources Ltd:Says agreement with Aldershot Resources Ltd (Aldershot) to acquire the remaining 24 pct interest it does not control of the Aldershot-Royal Joint Venture (the JV), at a consideration of A$ 79,440, which will be subtracted from an existing debt owed to Royal Resources Ltd (Royal) by Aldershot.Sees to take 100 pct ownership of George and Waterhouse West projects in the Pine Creek Geosyncline, Northern Territory, through the acquisition of the JV, which holds tenements associated with the project.Says George is prospective for uranium and gold, and Waterhouse West for uranium and iron with iron grades of up to 64 pct Fe identified at surface. 

Company Quote

0.034
0.0020 +6.25%
22 Sep 2014