IronRidge Completes Sale Of May Queen Project

Aim-listed IronRidge Resources has completed the sale of its noncore May Queen gold project, in south-east Queensland, to Australia-focussed gold explorer Australasian Gold.

IronRidge says this will enable it to maintain focus on its core African portfolio.

IronRidge will receive 4.5-million shares representing 28.1% of the enlarged share capital of Australasian Gold, with IronRidge to invest A$100 000 to provide Australasian Gold with additional working capital.

( Image by )