TORONTO, ON / ACCESSWIRE / July 15, 2020 / Nubian Resources Ltd. (TSX-V:NBR) ("Nubian" or the "Company") is pleased to announce that on July 11, 2020 the Company entered into a binding letter of intent ("LOI") with Stavely Minerals Limited (SVY) and its wholly-owned subsidiary Stavely Tasmania Pty Ltd. (collectively "Stavely") to acquire Stavely's interest in three projects: Fosterville East (map 1 attached) and the Lefroy and Mathinna projects (map 2 attached) (collectively the "Projects"), subject to final due diligence and negotiation of definitive agreements (the "Acquisition"). Together, the Projects comprise six exploration licenses that include the Fosterville East Project located in central Victoria, approximately 10 km east of Kirkland Lake Gold's Fosterville Gold Mine, and the Lefroy and Mathinna projects located in northeast Tasmania. Further details on the Projects are included below.
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