Rokeby Completes Acquisition of Omeo Gold Project
Summary
Rokeby Resources has completed the acquisition of the Omeo Gold Project, located in north-east Victoria. This project includes the Maude and Sunnyside deposits with a historical estimate of 2.4 million tonnes at 4.02 g/t gold for 320,000 ounces. The acquisition includes all tenements and approved work programs, enabling Rokeby to commence a diamond drilling program at the Sunnyside deposit. The company aims to grow and upgrade the resource estimate and has strengthened its board with new appointments.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Acquisition of Omeo Gold Project completed.
- Historical estimate of 2.4 Mt at 4.02 g/t Au for 320,000 ounces.
- Nine-hole, 2,180 m diamond drilling program started at Sunnyside.
- Richard Beazley appointed as Managing Director.
- Tim Pallas appointed as independent Non-Executive Chairman.
Key Points
- Completion of Omeo Gold Project acquisition.
- Historical estimate of 2.4 Mt at 4.02 g/t Au for 320,000 ounces.
- Nine-hole, 2,180 m diamond drilling program commenced at Sunnyside.
- All project tenements and work programs transferred to Rokeby.
- Board strengthened with new Managing Director and Chairman.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical details about the project and resource estimates but is presented in a clear manner.
Sentiment
Positive — The announcement conveys progress with the completion of a significant acquisition and commencement of exploration activities.
Share Price Reaction
Following the announcement, the share price moved from $0.0040 to $0.0035 over five trading days, representing a decreased of 12.5%.
- Price at announcement: $0.0040
- 1 day change: 0.00%
- 5 day change: -12.50%
- 30 day change: -25.00%
Share price data may be delayed.
Ask About This Announcement
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Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice. Investors should refer to the original announcements and seek professional advice where appropriate.
