Aim-listed Katoro Gold has transferred the initial tranche of R5-million, or £263 000, to Blyvoor Gold as part of plans to form a joint venture (JV) that will exploit six tailings deposits, in South Africa.
The initial tranche allows the partners to accelerate work on the confirmatory test to optimise the financial projections and conceptual designs for the processing plant as Katoro seeks to secure the requisite funding for the project.