ABM Resources NL Erayinia Divestment earns $300K
09.11.2012 | ABN Newswire
14:28 AEST Nov 9, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.Perth, Australia (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 an exploration company 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 potentially short-term production scenarios such as Old Pirate and the Golden Hind, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Kroda Gold Project. In addition, ABM Resources is committed to regional exploration programs throughout its extensive holdings.
Contact:
ABM Resources NL
T: +61-8-9423-9777
F: +61-8-9423-9733
WWW: www.abmresources.com.au