Steppe Gold Ltd T.STGO

Alternate Symbol(s): STPGF

Metals & Mining Gold

Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation.

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Steppe Gold Ltd

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Post by JasleenDhakaon Mar 07, 2023 6:48pm

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Post# 35324811

STGO's plan for this acquisition!

STGO plans to acquire Anacortes Mining Corp for $20M (paid in shares)
The acquisition price represents a 36% premium to XYZ's last closing price
STGO's shares increased by 3% and XYZ's shares increased by 10%, indicating market support for the deal
Anacortes Mining Corp owns a high-grade, undeveloped gold deposit in Peru with 2.5 Moz in indicated resources, including 0.6M in near-surface/low-CAPEX leachable resources