Adelong Gold (ASX:ADG) plans to sell a noncore property located near the Adelong gold project in New South Wales, according to a Wednesday filing with the Australian bourse.
The asset, which the company acquired in 2020 and is considered a surplus to its operational requirements, is valued at AU$530,000 to A$560,000 based on agent appraisal.
Proceeds will be used to advance the Adelong gold project and exploration programs in Brazil, the filing said.
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