Erayinia Divestment earns $300K
Perth, Nov 9, 2012 AEST (ABN Newswire) - ABM Resources NL (
ASX:ABU) announces that the Company has executed an agreement for the sale of ABM's 70% interest in the Erayinia Project in Western Australia. Black Raven Pty Ltd has agreed to purchase the interest in the project for $300,000. ABM's focus is exploration and development of the Company's gold projects in the Northern Territory and the Erayinia Project is considered a non-core asset.
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
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