NIAGARA (KOOKYNIE) GOLD, WESTERN AUSTRALIA – NOW OWNED BY REGENER8 RESOURCES NL (ASX:R8R)
The Niagara project is located ~6 km southwest of Kookynie in the central goldfields of Western Australia. The project comprises one granted exploration licence, and eight prospecting licences. Access to the project is provided via Goldfields Highway from the town of Menzies and the sealed Kookynie Road. The project is located within the central part of the Norseman-Wiluna greenstone belt. Historical mine records, from WAMEX reports, show that historical workings produced 5,100oz Au at a grade of 25.8 g/t between 1898 & 1914.
On July 14th, 2022, (Regener8 or R8R) was admitted to trading on ASX having raised $4,500,000 under its IPO Prospectus.
The Regener8 IPO included completion of the acquisition of the Niagara Gold Project from GTI. Under the acquisition agreement between GTI & Regener8, GTI received 5,000,000 Regener8 shares ($1,000,000 value @ 20¢), 1,500,000 performance rights & $150,000 cash at completion of the acquisition.