ASX-listed Red River Resources is nearing the completion of it’s A$4-million acquisition of the Hillgrove gold-antimony project, in New South Wales, after satisfying all final condition precedent.
Red River in July this year struck an agreement with Bracken Resources to acquire the Hillgrove project, which has had an historical investment of around A$180-million and a production of more than 730 000 oz of gold and 50 000 t of antimony.