Amigo Resources PLC
SPA executed for Kamiesberg Mineral Sands Project
Amigo Resources PLC announced the execution of a Share Purchase Agreement to acquire the Kamiesberg Mineral Sands Project in South Africa for USD 33 million. This acquisition is considered transformative, expanding Amigo's African footprint and diversifying its commodity base to include heavy mineral sands and rare earth elements. The project boasts a significant JORC Resource of 2.71 billion tonnes, including 0.48 billion tonnes of Measured Resource, and has advanced permitting in place, with a phased development strategy planned.