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Blackstone to spin out noncore gold

ASX-listed Blackstone Minerals on Friday announced plans to spin-out certain of its non-core gold assets into a newly listed vehicle called Codrus Minerals.

“The Codrus spin-out will see a dedicated management team focused on driving value into Blackstone’s non-core assets. Codrus will provide an excellent platform and catalyst for both growth and monetisation of these assets,” said Blackstone MD Scott Williamson.