Genesis has entered into a binding Share Purchase Agreement to acquire the Laverton Gold Project in Western Australia’s Laverton District from Focus Minerals Limited (ASX: FML) (Focus).
Genesis considers this to be a highly strategic acquisition, consolidating the Laverton assets of Focus and Genesis, which includethe recently restarted 3Mtpa Laverton mill.
Situated approximately 30km from Genesis’ Laverton mill, the acquisition of the Laverton Gold Project is expected to unlock significant synergies, including the optimum pairing of deposits and regional processing infrastructure.