West Wits Mining sells Mt Cecelia Project to Aventine Resources
West Wits Mining has agreed to sell its Mt Cecelia Project in Western Australia to Aventine Resources through the sale of its subsidiary Northern Reserves. The deal includes a mix of equity, royalty income, and deferred consideration tied to resource milestones. West Wits will retain a 1% NSR royalty and receive A$2m in Aventine equity.
Topics: Asset Sale Equity Investment M&A Mining Royalty Agreement