Round Oak Minerals has sold its 50% interest in the White Dam copper-gold project in South Australia to the company’s joint venture partner in the project, GBM Resources Ltd. Round Oak received a cash payment of $500,000 for the sale and a refund of $1.9 million in environmental bonds which will be replaced by GBM.
Round Oak Minerals has updated mineral resource estimates at its Jaguar, Stockman and North Queensland assets.