Antler Gold Inc. has terminated the sale of its Erongo Central Gold Project in Namibia following a settlement with Fortress Asset Management LLC and its assignee, Fortress Gold Ltd.
The Canadian-listed company said the settlement brings to an end the definitive asset purchase and sale agreement signed on 18 September 2024 and amended on 5 December 2024.
The agreement had provided for the disposal of the Erongo Project, but has now been cancelled without any admission of liability by any of the parties.
As a result of the termination, Antler’s subsidiary, Antler Gold Namibia (Proprietary) Limited, retains full ownership of the Erongo Central Gold Project.
The Erongo Project consists of five contiguous exclusive prospecting licences covering approximately 185 square kilometres in Namibia’s Damara Mobile Belt.
The licences cover about 28 kilometres of prospective strike length along the same geological trend that hosts the Twin Hills gold deposit.
Antler’s EPL 8010 directly borders the Twin Hills Mining Licence area, which hosts a gold resource of approximately 3.1 million ounces.
Following the termination of the agreement, Antler said it will consider next steps for the Erongo Project as part of its ongoing internal strategic review.
Antler Gold Inc. is listed on the TSX Venture Exchange and focuses on the acquisition and exploration of mineral projects in Africa.
