Northern Star’s Kundana sale elevates Evolution
Northern Star Resources (ASX: NST) has today completed the sale of its Kundana assets in WA to Evolution Mining (ASX: EVN) for $400m. The Kundana assets comprise the Kundana operations, Northern Star’s 51% interest in each of the East Kundana production joint venture and the East Kundana exploration joint venture, its 75% interest in the West Kundana farm-in joint venture and the Carbine/Carnage gold project. Evolution Mining executive chairman Jake Klein says the consolidation of these assets elevates Mungari into the fourth cornerstone asset in Evolution’s portfolio through increased production, mine life and mineral resources. “This transaction continues Evolution’s track record of identifying and securing opportunities that are both accretive and improve the quality of the portfolio,” he said. Evolution…