INVESTMENT
ASX-listed Ramelius Resources has bought 8.5-million shares in fellow-listed Spartan Resources as a strategic investment, representing about 8.9% of Spartan’s ordinary shares on issue.
Spartan’s Dalagaranga gold project is about 86 km north-west of Mount Magnet in the Murchison region of Western Australia. Ramelius continually evaluates gold assets in Western Australia and makes investments in the sector where it believes there is a strategic rationale.
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