Labyrinth Resources (ASX:LRL), an Australian company, has finalized the acquisition of Admiral Gold Pty Ltd, gaining ownership of the Mulwarrie Gold Project. This acquisition was initially reported on 18 November 2024. Additionally, Labyrinth has exercised an option to acquire interests in Olympio Metals Limited, with an expected completion date of 3 December 2024.
Labyrinth Resources has successfully completed the acquisition of Admiral Gold Pty Ltd, which owns the Mulwarrie Gold Project, marking a notable enhancement of its gold mining assets. Furthermore, the company is set to finalize its acquisition of interests in Olympio Metals Limited by 3 December 2024. These moves align with Labyrinth's strategic objectives to expand its portfolio in the gold sector, demonstrating a commitment to strengthening its position in the industry.
The announcement has been authorized and approved by the Board of Labyrinth Resources.