Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Navarre Minerals acquires $90m gold mine

Navarre Minerals has progressed from being a gold explorer to a gold producer with the purchase of Mt Carlton gold mine in Queensland.

user iconLauren Croft 17 January 2022 Big Law
Navarre Minerals acquires $90m gold mine
expand image

Firm: King & Wood Mallesons (Navarre Minerals).

Deal: KWM has advised Navarre on its acquisition of Mt Carlton Gold Mine, and associated assets, from Evolution Mining for $90 million.

Value: $90 million.

Area: M&A.

Key players: KWM is proud to have advised Navarre on all legal aspects of the transaction and share placement. The KWM team was led by partners Scott Langford and Will Heath, supported principally by senior associates Evelyn Peter, James Semit and David Vincent.

Deal significance: The acquisition covers the fully operational Mt Carlton open pit and underground gold mining operation, as well as the nearby Crush Creek project.

Navarre announced the signing of the acquisition agreement with Evolution on 5 October 2021, following the completion of a bookbuild for an underwritten equity raising of up to $40 million, mainly to fund the upfront consideration component of $25 million. The deal was finalised in December 2021.

Mr Langford and Mr Heath commented: “We congratulate our valued client, Navarre, on achieving this transformational acquisition. We are thrilled to have been able to assist Navarre on the transaction, and look forward to supporting Navarre into the future as it becomes a gold producer with bright prospects.”

Lauren Croft

Lauren Croft

Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.

Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!