Golden Mile to sell noncore assets

Junior Golden Mile Resources on Thursday told shareholders that it had struck a binding conditional agreement with unlisted Sundaland Resources to divest of its Darlot and Gidgee projects, in Western Australia.

Under the terms of the agreement, Sundaland would acquire the projects in return for an A$80 000 cash payment, of which A$15 000 has been paid on the execution of the agreement.