The future of the "alliance" has taken another turn after Pan African Resources acquired the remaining 92% shares of Tennant Consolidated Mining Group (TCMG), which is now a wholly owned subsidiary of Pan African.
The transaction is expected to be fully implemented before the end of the year.
Pan African is now positioned for immediate production at TCMG’s Nobles Gold Project. The project’s feasibility study highlights mineral resources of 1.3 million ounces of gold and mineral reserves of 400,000oz Au.
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