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WRITTEN BY Aaliyah Rogan

Labyrinth terminates sale of Québec gold project

Labyrinth Resources (ASX:LRL) has terminated the sale and purchase agreement for its namesake gold project in Canada, on the basis that privately held Gold Projects WA has allegedly failed to comply with obligations. 

The notice of termination has been provided to the company and International Precious Metals Refiners, which will take effect on 17 May 2024. 

Labyrinth will retain the non-refundable $225,000 deposit. 

The Labyrinth Gold Project lies in Québec, Canada and has a mineral resource of 500,000 ounces of gold at 5 grams per tonne.

Considering the termination of the agreement, Labyrinth plans to update the market with its strategic plan in due course. 

Write to Aaliyah Rogan at Mining.com.au   

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Written By Aaliyah Rogan
Now based in London as Mining.com.au’s Europe Correspondent, Aaliyah brings years of dedicated reporting mining news. Relocating from New Zealand to Australia before making the leap to the UK, she's built a reputation for sharp storytelling and a genuine passion for the resources industry. When she’s not chasing the latest developments across Europe, Aaliyah can be found exploring new cities, enjoying good food with friends, or unwinding by the water.

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