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RTG MINING INC

ASX: RTG

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

RTG Mining Inc. is a British Virgin Islands-incorporated company listed on the main board of the Toronto and Australian Stock Exchange. RTG is focused on developing the high grade copper/gold/magnetite Mabilo Project and advancing exploration on the highly prospective Bunawan Project, both in the Philippines, while also identifying major new projects which will allow the company to move quickly and safely to production.

RTG merged in early June 2014 with Sierra Mining Limited, an exploration company, holding several key advanced copper/gold projects in the Philippines. The resultant entity is led by the RTG management team who have the proven exploration, mine development and operating experience in the Philippines to progress Sierra’s Mabilo and Bunawan Projects.

RTG has entered into a sale agreement for its interest in the Segilola Gold Project in Nigeria to the current joint venture partner for a total consideration of US$14m, with US$1m due on completion, US$5m due in 18 months after completion and a 3% net smelter royalty, under which up to a maximum of US$8m may be paid to RTG. The sale also resolves the existing dispute with the current joint venture partner. Completion is anticipated in the next couple of months.

Mine For

copper, gold, magnetite,

Location of operation(s)

Philippines, Nigeria

Address

Level 2, 338 Barker Road
SUBIACO, WA, Australia

Phone

+61 8 6489 2900

Email

Website


Last Updated

22/1/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.