THE BOURSE WHISPERER: Apollo Consolidated (ASX: AOP) has added ground to the company’s 100 per cent-owned one-million-ounce Lake Rebecca gold project east of Kalgoorlie in Western Australia.
Apollo Consolidated made the strategic purchase of an additional 1.35 square kilometres of unencumbered tenure around the 775,000 ounce Rebecca deposit to allow full operational and planning flexibility as the Company moves toward commercial studies.
The purchase brings an additional 400m to the east and 400m to the north of the Rebecca gold deposit, allowing more space for future pit design, pit infrastructure and hydrology.
The additional area will also be evaluated as part of ongoing exploration targeting and possible optimised pit extensions.
The area in question was previously part of the larger Bulletin Resources/Matsa Resources Lake Rebecca project.
The deal also involves a first right of refusal over adjoining granted exploration licences owned by Bulletin Resources and Matsa Resources.
Apollo is currently compiling all outstanding 2020 drilling results to feed into a re-estimation of Mineral Resources.
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