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28 August 2002
TA N A MI GOLD N L
9 April 2015
Tanami Gold NL (ASX:TAM) (Tanami) refers to:
1. its ASX announcement of 9 February 2015 in respect of the conditional joint venture heads of agreement between Tanami and Metals X Limited (Metals X) concerning Tanami's Central Tanami Project (CTP) (Metals X HoA)
2. its ASX announcement of 26 February 2015 in respect of the conditional joint venture heads of agreement between Tanami and Northern Star Resources Limited (Northern Star) concerning Tanami's CTP announced on 26 February 2015 (Northern Star HoA);
3. the ASX announcement of Metals X on 27 February 2015 which is available on the
ASX announcements platform (Metals X Code: MLX); and
4. its ASX announcement of 12 March 2015 in respect of Metals X's allegations and
contentions arising from the Northern Star HoA.
The solicitors for Tanami have received correspondence in which Metals X claims that it is ready, willing and able to settle upon the Metals X HoA, and asserting that if Tanami fails to complete that transaction it will claim damages against Tanami which it alleges are greater than the difference between the price for the CTP in the Northern Star HoA and in the Metals X HoA.
The Tanami Board denies the legal and factual basis of Metals X's claims, and is continuing
to obtain legal advice on the matter.
Gerard McMahon
Chairman
Suite B1, Tempo Building, 431 Roberts Road, Subiaco WA 6008 P.O. Box 1892, West Perth, Western Australia, 6872
Tel: +61 (8) 9212 5999 Fax: +61 (8) 9212 5900 Email: [email protected] Website: www.tanami.com.au. ABN: 51 000 617 176
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Tanami Gold NL
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EXPLORATION STAGE |
CODE : TAM.AX |
ISIN : AU000000TAM8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tanami Gold is a gold producing company based in Australia. Tanami Gold produces gold, tantalum in Australia, develops gold in Australia, and holds various exploration projects in Australia. Its main assets in production are COYOTE GOLD MINE, WESTERN TANAMI and BALD HILL in Australia, its main asset in development is GROUNDRUSH in Australia and its main exploration properties are AILERON / REYNOLDS RANGE, CENTRAL TANAMI PROJECT, DODGER, KOOKABURRA - SANDPIPER and SABRE - FALCHEON in Australia. Tanami Gold is listed in Australia and in Germany. Its market capitalisation is AU$ 36.4 millions as of today (US$ 24.3 millions, € 22.1 millions). Its stock quote reached its highest recent level on September 23, 2011 at AU$ 0.75, and its lowest recent point on December 19, 2014 at AU$ 0.01. Tanami Gold has 1 175 100 032 shares outstanding. |