Business

Apollo Gold to acquire concessions from Lithium Chile which could cost $6.35mn

Apollo Gold Corp. announced that it has received a National Instrument 43-101 report in respect of the Apollo and Sancarron concessions in Chile. The company agreed to option the Apollo Concessions from Lithium Chile Inc. and Compania Minera Kairos Chile Limitada, a subsidiary of Lithium Chile, pursuant to an option agreement. Apollo can earn up to a 90% interest in the Apollo Concessions by making total payments to Lithium Chile of $1.35 million and incurring an aggregate of $5 million of expenditures over a maximum of 5 years.

Source: Globe Newswire

Categories: Business