Tribune Resources (ASX: TBR) marked the December quarter as a busy period for the business, having acquired Singapore-based Prometheus Developments and assessed an unsolicited $112.5 million offer for Tribune’s 36.75 per cent stake in the East Kundana Joint Venture.
Highlights
Key Points
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During the quarter, 254,311 tonnes of EKJV ore were processed at the Kanowna Plant and 56,206 tonnes of EKJV ore were processed at the Greenfields Mill.
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27,361 oz of gold and 4,597 oz of silver were credited to Rand and Tribune Bullion Accounts. (Tribune’s share is 75%)
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At the end of the quarter, the EKJV has the following stockpiles:
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During the quarter, the Takeovers Panel made a declaration of unacceptable circumstances on 14 September 2018 and final orders on 26 October 2018.
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During the quarter, the Board rejected an unsolicited $112.5 million offer from Northern Star Resources Limited for Tribune’s 36.75% interest in the East Kundana Joint Venture.
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During the quarter, Tribune acquired 100% of the issued capital of Singapore based Prometheus Developments Pte Ltd.
