Tulla Resources Plc is in detailed discussions with Pantoro Limited, its joint venture partner at Norseman, to combine the ownership of the gold asset at Norseman into a single Pantoro entity.
They are negotiating to complete a binding term sheet, and Tulla Resources will update the market in the event of any material developments.
There is no certainty that a transaction will occur, and Tulla Resources is being advised by Azure Capital.