Aston Minerals taking calls on 1.5-million-ounce gold deposit to bankroll its nickel exploits
Aston Minerals, an aspiring nickel mine developer in the Timmins area, is looking to swing a deal on a gold deposit at its Eldeston Project.
The Australian junior miner has designs on developing an open-pit nickel mine, 60 kilometres south of Timmins and wants to use the money from a sale of the gold asset to put back into advancing its Bardwell nickel-cobalt deposit.
In a recent video update to shareholders, managing director Russell Bradford said Aston began the process to “monetize” its 1.5-million-ounce deposit by sending out a “teaser” to more than 100 gold companies. About 70 per cent of those companies bit and are in Aston’s online data room performing their due diligence. Bradford anticipates a sale of the gold asset by year’s end.
Those interested, he said, represent a broad spectrum, from major miners to junior exploration companies. Bradford said he’s regularly on calls talking about deal structures and wants those funds to develop the nickel deposit.
For the rest of this article: industry-news/mining/timmins-nickel-developer-has-a-gold-deposit-to-sell-9283541
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