ASX-listed junior GBM Resources on Thursday told shareholders that it was ‘considering its position’ after gold junior Minjar Gold terminated a sales agreement over the Twin Hills gold project, in Western Australia.
Minjar and GBM in September of last year struck a sales agreement over the Twin Hills project that would see GBM pay A$1.5-million in cash for the asset, subject to a number of conditions, including third party approvals and approvals for the transfer of the tenements.