ASX-listed Syngas has agreed to increase its offer price for the Jumbuck gold project, in Western Australia, from A$2-million to A$2.25-million, after facing a slue of competition for the asset.
A tug-of-war emerged for the asset after owner Tyranna Resources received offers from both ASX-listed Marmota and Alliance Resources, despite having signed a formal agreement with Syngas in June.