Gold miner St Barbara has reached an agreement with fellow-listed Catalyst Metals to acquire a 50% interest in that company’s Drummartin project, in Victoria.
Under the terms of the agreement, St Barbara would be required to spend no less than A$3.5-million on the project area within a 48-month period, with the gold miner only able to withdraw from the agreement after spending at least A$1-million over the first two years.