AuStar Gold is set to acquire all of the debt owed by Centennial Mining and Maldon Resources from Mining Lending.
AuStar Gold is set to acquire Centennial Mining following the Victorian gold producer’s appointment of administrators in March.
AuStar Gold has entered into discussions with the administrators of Centennial Mining to assess proposing a deed of company arrangement with its creditors.
AuStar Gold has transitioned its focus from exploration to production as it was advancing development of the historic Morning Star and Rose of Denmark mines in Victoria.
Victorian gold mining is set for another boost with AuStar Gold on the verge of launching production from the historic Morning Star and Rose of Denmark mines.
AuStar has produced its first gold concentrate from the Rose of Denmark (RoD) underground mine in Victoria.