Critical Resources secures exclusivity over third Suriname Gold Project

Full story: https://grafa.com/en/news/australia/critical-resources-secures-exclusivity-over-third-suriname-gold-project

Critical Resources secured exclusivity to acquire a 90% interest in the Gadu Manda Gold Project in Suriname.
The consideration structure includes US$200,000 in cash over two years alongside 2,500,000 company shares.
The transaction expands the company's exclusivity footprint across Suriname to approximately 228km2.

Critical Resources (ASX:CRR) has secured exclusivity to acquire a 90% interest in the Gadu Manda Gold Project covering approximately 29km2 in Suriname.

The project adds to the company's existing Gonini and Greenstars projects secured under exclusivity in September.

The consideration comprises US$200,000 in cash over two years, an initial US$10,000 exclusivity fee, 2,500,000 shares, and a US$200,000 minimum exploration commitment.

Completion of the transaction remains subject to due diligence and prior written approval from the Minister of Natural Resources.

Following the announcement, the Critical Resources share price was unchanged at $0.009.

The permit area features historical small-scale mining activity where workers excavated pits and trenches that exposed quartz veining.

The property lies approximately 4km west of the open pits at Zijin's Rosebel gold mine, which has produced over 6 million ounces of gold since 2004.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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over third Suriname Gold Project","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b0f044f7925cb68cd03029ea741555f1\" tg-width=\"1456\" tg-height=\"816\"></p>\n<p>Full story: https://grafa.com/en/news/australia/critical-resources-secures-exclusivity-over-third-suriname-gold-project</p>\n<ul>\n <li>\n  <p>Critical Resources secured exclusivity to acquire a 90% interest in the Gadu Manda Gold Project in Suriname.</p></li>\n <li>\n  <p>The consideration structure includes US$200,000 in cash over two years alongside 2,500,000 company shares.</p></li>\n <li>\n  <p>The transaction expands the company's exclusivity footprint across Suriname to approximately 228km2.</p></li>\n</ul>\n<p style=\"text-align: start;\">Critical Resources (ASX:CRR) has secured exclusivity to acquire a 90% interest in the Gadu Manda Gold Project covering approximately 29km2 in Suriname.</p>\n<p style=\"text-align: start;\">The project adds to the 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https://grafa.com/en/news/australia/critical-resources-secures-exclusivity-over-third-suriname-gold-project Critical Resources secured exclusivity to acquire a 90% interest in the Gadu Manda Gold Project in Suriname. The consideration structure includes US$200,000 in cash over two years alongside 2,500,000 company shares. The transaction expands the company's exclusivity footprint across Suriname to approximately 228km2. Critical Resources (ASX:CRR) has secured exclusivity to acquire a 90% interest in the Gadu Manda Gold Project covering approximately 29km2 in Suriname. The project adds to the company's existing Gonini and Greenstars projects secured under exclusivity in September. The consideration comprises US$200,000 in cash over two years, an initial US$10,000 exclusivity fee, 2,500,000 shares, and a US$200,000 minimum exploration commitment. Completion of the transaction remains subject to due diligence and prior written approval from the Minister of Natural Resources. Following the announcement, the Critical Resources share price was unchanged at $0.009. The permit area features historical small-scale mining activity where workers excavated pits and trenches that exposed quartz veining. 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