Gold and Silver

TNT advances Mt Ida transaction

TNT advances Mt Ida transaction
Mining News Pro - Junior TNT Mines has struck a formal agreement with fellow-listed Ora Banda Mining to acquire its Mt Ida Gold subsidiary.

The two companies earlier this year struck an A$11-million agreement that would allow TNT to acquire the high-grade Mt Ida gold and copper project, which comprises 19 tenements in the Mt Ida gold mining district, in Western Australia.

TNT has now confirmed that due diligence for the acquisition has materially progressed and is due for completion, along with the other conditions precedent, by September 17.

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