Bulletin Resources Limited (ASX:BNR) Receives Final Payment from Partial Sale
Final Payment Received
Bulletin Resources Limited (ASX:BNR) has received a final cash payment of $0.8 million from Ramelius Resources Limited (ASX:RMS). This payment is associated with the partial sale of 1.35km² of tenure from Bulletin’s Lake Rebecca Gold Project in 2021, bringing the total received amount to $4.768 million in cash and RMS shares.
Project Details
The Lake Rebecca Gold Project spans 600km² and is adjacent to Ramelius’s 1.4Moz Rebecca Gold Project and 1.8Moz Roe Gold Project. The final payment was made in cash, and Bulletin maintains a strong balance sheet with cash, shares, and receivables totaling $12.03 million as of the December 2024 quarter.
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