Alicanto shareholders approve Mt Henry gold acquisition
ASX-listed Alicanto Minerals has secured shareholder approval for its acquisition of the 915 000 oz Mt Henry gold project in Western Australia, paving the way for transaction completion in mid-February.
The approval follows a general meeting held on Friday and will see Westgold Resources emerge as a 19.9% shareholder in Alicanto once the deal is finalised. The company said remaining conditions precedent are progressing well.
Alicanto has also appointed Jeff Sansom as CEO, effective immediately, as part of a broader leadership restructuring linked to the acquisition.
Under the revised structure, Ray Shorrocks has transitioned from interim executive chairperson to nonexecutive chairperson, Ben Palich has been appointed executive GM for growth and development, and Tim Sloan has joined as geology manager.
Shorrocks said the acquisition provided a strong platform for value creation through brownfield exploration.
“As well as already having a 915 000-oz resource, we know the project has substantial low hanging fruit with mineralisation outlined over a 16 km corridor, much of which sits outside the resource.”
Sansom said the company had begun preparatory work ahead of an extensive drilling programme focused on resource growth.
“With the Mt Henry acquisition approved by shareholders, there is a significant amount of work already under way, and the team is focused on driving value in a timely fashion.”
The Mt Henry project is located in the Norseman–Wiluna greenstone belt and hosts a Joint Ore Reserve Committee-compliant mineral resource of about 915 000 oz of gold.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Latest News
Showroom
CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.
VISIT SHOWROOM
Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
