SINGAPORE (June 5): Malaysian gold miner Anchor Resources has on Friday entered into a heads of agreement (HOA) with Austral Mineral Berhad on the assignment of concession right at Bukit Machang Assets for an indicative purchase price of RM 10 million (S$3.3 million).

The agreement was signed by Anchor Resources’ wholly-owned subsidiary GGTM.

Austral is a Malaysian-incorporated mineral and mining company that does exploration, evaluation and acquiring mineral deposits in areas including quarry sites and gold mines.

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