Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Starmer says UK to recognize Palestinian state if...
‘Critical’ closed-door congressional huddle focuses on growing antisemitism...
Trump’s CDC pick confirmed—but her pro-vaccine stance may...
Trump pick Emil Bove confirmed as federal judge...
From Gaza to Greenland, Macron breaks with Trump...
Schumer calls on FBI to conduct counterintelligence threat...
Biden ‘Politburo’ member Steve Ricchetti to appear before...
Trump looks to skip G20 summit in South...
Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked...
Biden ‘Politburo’ member Steve Ricchetti appears before House...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Australian Mines Enters Earn-in Deal with Cabral for Boa Vista Gold Project

by admin July 8, 2025
July 8, 2025
Australian Mines Enters Earn-in Deal with Cabral for Boa Vista Gold Project

Australian Mines (ASX:AUZ) has entered into a legally binding term sheet with Cabral Resources, a subsidiary of GoldMining (TSX:GOLD,NYSE:GLDG) to earn up to an 80 percent interest in the Boa Vista gold project.

As per the terms of the agreement, Australian Mines’ acquisition will follow a staged earn-in structure. This includes three payments of C$250,000 each year over three years, totaling C$750,000.

Boa Vista is located in Brazil’s Tapajós province, which is recorded to have a historical production of over 30 million ounces of gold and is recognised for high-grade, structurally focused gold systems.

“Boa Vista offers compelling near-surface mineralisation with district-scale exploration upside, supported by existing datasets and strong historic drilling results,” said Australian Mines CEO Andrew Nesbitt.

Among Boa Vista’s prospects is VG1, which holds a historic inferred resource of 8.47 million tonnes at 1.23 grams per tonne (g/t) gold for 336,000 ounces. Drill intercepts at the project were described by the company as “robust,” with 104.5 metres at 1.59 grams per tonne gold, including 23.5 metres at 4.51 g/t gold.

Boa Vista is also located 80 kilometres away from GoldMining’s São Jorge project, which has indicated resources of 0.62 million gold ounces and inferred resources of 0.13 million gold equivalent ounces.

Australian Mines said that they intend to update Boa Vista’s historical resource to JORC 2012 standards, alongside advancing metallurgical, environmental and baseline studies.

Plans for an initial 3,000 metre diamond drill program to test expansion potential and refine targets are also in place.

The company is also currently developing its flagship Sconi project in Queensland, which is expected to deliver nickel and cobalt over a 30 year mine life.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke
next post
Kobo Resources Launches Limited Edition Jersey to Support Village Communities Through Kobo Cup CSR Initiative

You may also like

Heritage Mining Zone 3 Successful SGH Soil Survey

July 25, 2024

Tartana Positive Metallurgical Copper Testwork

October 28, 2024

IEF Applauds UK’s £21.7 Billion Carbon Capture Investment

October 8, 2024

Alta Mesa Passes Key Milestone in Uranium Production...

October 25, 2024

Providence Extends Private Placement

March 29, 2025

13 Canadian Crypto ETFs in 2025

April 25, 2025

Taroom Trough Coals Flowed for First Time –...

August 23, 2024

3 Things Warren Buffett Has Said About Gold

May 6, 2025

Production Ramp-Up Proceeding to Plan with Technology Proven...

July 24, 2024

NorthStar Gaming to Host Q3 Earnings Webinar on...

November 21, 2024

Recent Posts

  • Starmer says UK to recognize Palestinian state if Israel doesn’t agree to ceasefire, Hamas must ‘disarm’
  • ‘Critical’ closed-door congressional huddle focuses on growing antisemitism in US, Mamdani’s rise
  • Trump’s CDC pick confirmed—but her pro-vaccine stance may clash with RFK Jr.’s agenda
  • Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints
  • From Gaza to Greenland, Macron breaks with Trump on global flashpoints

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (845)
    • Investing (2,651)
    • Politics (3,267)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.