Emerging resource company Bligh Resources has announced the termination of the Joint Venture over the Bundarra Project located approximately 60km north of Leonora in the Eastern Goldfields of Western Australia.
It comes after the company increased its ownership in the project to 100% via an agreement with JV partner Contained Gold for a total consideration of $1.1million.
Director Richie Yang said the move will allow the company to progress the development of the project and build value for shareholders.
“The Board wishes to acknowledge the work of Contained Gild and its team, who have agreed to assist with an orderly transfer of project information and data,” Mr Yang added.
Bligh also announced the appointment of Mr James Allchurch as a Director.
“James Allchurch is a geologist with a wealth of experience in listed resource companies both at board level and in senior consultant/advisory roles,” the company told the ASX.
“With over 17 years in the exploration sector, Mr Allchurch has experience in the identification and assessment of resource projects as well as exploration and resource development.”
