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Pantoro Ltd (ASX:PNR) has increased its ownership to 100% by acquiring the remaining 20% of the Halls Creek Project in Western Australia, which hosts the low cost, high grade Nicolsons Gold Mine. Recent drilling at Nicolsons discovered bonanza grade gold demonstrating that high grade mineralisation extends well beyond the current mine plan. Pantoro secured the remaining 20% of the project from Bulletin Resources Ltd (ASX:BNR) for 130 million Pantoro shares.
Pantoro Ltd (ASX:PNR), (formerly Pacific Niugini), is producing gold from the Nicolsons gold mine in Western Australia.
Blackham Resources Ltd (ASX:BLK) has defined a multi-million gold ounce resource base at the Matilda Gold Project in Western Australia.