Manhattan Corporation Limited (ASX:MHC)
Manhattan Corporation Limited (ASX:MHC) is an explorer focused on growing shareholder value through project acquisition, innovative exploration and ore discovery.
Manhattan announced in December 2019 that it had signed an agreement to acquire 100% of Awati Resources Limited and its flagship Tibooburra Gold Project located in north-western NSW, Australia.
This acquisition delivered MHC early-mover advantage in an emerging high-grade gold district that holds multi-million-ounce gold discovery potential.
The structure, age of mineralisation (440Ma) and tectonic features of the Tibooburra Goldfields has similarities to the Victorian Goldfields where large orogenic gold deposits continue to be discovered (e.g. Fosterville).