ASX:SGC

3 stories mentioning ASX:SGCUpdated 11d ago

Every FINWIRES story that references ASX:SGC, newest first.

Sinclair Gold Meets Contingent Consideration Milestone for Western Australia Gold Project

Sinclair Gold (ASX:SGC) completed over 20,000 meters of drilling at its Mt Henry gold project in Western Australia, triggering the first contingent consideration milestone under the terms of Sinclair's acquisition of the project from Westgold Resources (ASX:WGX), according to a Wednesday Australian bourse filing.Sinclair decided to satisfy the contingent consideration via the payment of AU$5 million in cash to Westgold within 15 business days, and as a result, 7.6 million performance rights associated with the contingent consideration will be cancelled.Sinclair will receive a further AU$4 million in cash and four million shares from Stria Lithium in consideration for the grant of a 1% net smelter return royalty over the Mt Henry project after all conditions precedent related to a non-dilutive funding package were satisfied.Sinclair's shares rose 1% in recent trading on Wednesday.

ASX:SGCASX:WGX

Asia20d ago

Sinclair Gold Signs Binding Earn-In Agreement With Medaro Mining for Sweden Project, Shares Up 13%

Sinclair Gold (ASX:SGC) executed a binding earn-in agreement with Medaro Mining for the Sala project in Sweden, representing up to AU$3.4 million in potential cash consideration, shares and Medaro-funded exploration expenditure, while retaining exposure through a net smelter return royalty, according to a Monday Australian bourse filing.The company said the agreement replaces the non-binding letter of intent disclosed on May 14, providing Medaro with the right to earn up to a 100% interest in the Sala project, with key commercial terms materially in line with those previously disclosed.The binding agreement provides for up to AU$1.3 million in cash consideration, up to 1.2 million Medaro shares currently valued at about AU$300,000, around AU$1.8 million in exploration expenditure funded by Medaro, and a 1% net smelter return royalty if Medaro earns a 90% interest, increasing to 2% if Medaro acquires the remaining 10%, the filing added.The company's shares rose 13% in recent Monday trade.

ASX:SGC

Asia46d ago

Sinclair Gold Says Drilling Extends Down-Dip Gold Mineralization at Western Australia Deposits; Shares Fall 5%

Sinclair Gold (ASX:SGC) said drilling extended down-dip gold mineralization at the Mt Henry and Selene deposits at the Mt Henry gold project in Western Australia, according to a Wednesday Australian bourse filing.It encountered intercepts of 33.2 meters at 1.6 grams per tonne (g/t) grade of gold from 230.7 meters at Selene and 17 meters at 1.5 g/t grade of gold from 180 meters at Mt Henry, per the filing.Sinclair Gold's shares fell nearly 5% in recent trading on Wednesday.

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