The Gidgee Gold Project

Apex Minerals NL announced on 31st January, 2011 that it had taken a significant step forward in its strategy to grow production and strengthen its financial position by selling its Gidgee Exploration Project in WA to Panoramic Resources for $15.5 million cash. Panoramic will also replace environmental bonds totalling $2 million, releasing Apex of this obligation. The completion of this transaction was announced on 21st February, 2011.

The sale excludes the tenement that contains the existing Wilson’s underground deposit, which will be retained by Apex.

 

Gidgee Project: Wilsons Deposit Long Projection Link to 254kb enlargement

Gidgee Project: Wilsons 3; 7000mN Schematic Cross Section Link to 151kb enlargement