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Astral Resources and Maximus Merge to Forge 1.8Moz WA Gold Powerhouse
8:36am on Monday 3rd of February, 2025 AEDT
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Astral Resources and Maximus Merge to Forge 1.8Moz WA Gold Powerhouse
8:36am on Monday 3rd of February, 2025 AEDT
Key Points
Astral offers 1 share for every 2 Maximus shares, valuing Maximus at $31 million
Offer includes a 61% premium to Maximus' last undisturbed closing price
Combined entity to hold ~1.8 million ounces of gold resources in Western Australia
Astral boasts $25 million cash and no near-term capital raising needs
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Astral Resources (ASX:AAR)
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