An introduction worth $18 million

An introduction worth $18 million

Chrystal Capital has  successfully introduced Melior Resources Inc, a publicly listed company majority owned Pala company to Belridge Enterprises Pty Ltd, a private Australian incorporated company which owns the Goondicum Ilmenite Project located in Queensland, Australia, on an all share deal, with respect to the acquisition of 100% of the issued and outstanding shares of Belridge Enterprises Pty Ltd. 

Transaction Highlights 

  • 100% all share acquisition of Belridge by TSX listed Melior.

  • Melior to invest up to US$15m in the re-start of mining operation.

Commenting on the deal, Raj Karia, Consultant at Chrystal Capital, states : “The Belridge deal underpins our experience in the sector in identifying fundamentally strong assets and aligning our interests with our investors” 

About The Goondicum Project 

  • Resource Base of 1.9 million tonnes of indicated and 1.93 million tonnes of inferred in-situ ilmenite resource with significant opportunities to grow the resource base further through near mine exploration.

  • In excess of A$120m of historical invested capital previously spent on infrastructure and process plant equipment.

  • Formerly operating project, currently on care and maintenance, expected to allow for quick and cost effective restart.

  • Project is strategically located in Australia, close to high growth Asian Markets.

  • High quality ilmenite product well understood and accepted by customers, with over 61,000 tonnes having been previously supplied to customers.

  • Successful re-start of Goodicum will provide a strong platform allowing consideration of further growth opportunities.

More Mid-Market articles >