Torian Resources (ASX:TNR) acquires Tarmoola Station
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Torian Resources (TNR) is set to acquire Tarmoola Station in a bid to bolster its Mt Stirling Gold Project operations in Western Australia's Leonora Gold District
An exclusive option agreement for the cattle station will be made through TNR's subsidiary Tarmoola Holdings
The acquisition also includes mining services business Carhill Contracting, a 20 person camp facility, and rights to continuing carbon credits
Tarmoola Station is 50 per cent covered by mining and exploration leases which include both operating and abandoned mines
Results are still pending from the explorer's phase one Mount Stirling drills with a resource update expected in early 2021