Golden Deeps (ASX:GED) entered into binding heads of agreement to earn an 80% interest in four granted exploration licenses in New South Wales' Lachlan Fold Belt.
The company will reimburse Acros Minerals and Crown Gold Resources for previous exploration expenditure of AU$179,263 and earn an 80% interest by spending AU$300,000 on exploration within three years, according to a Friday filing with the Australian Securities Exchange.
Additionally, Golden Deeps is drilling at the Havilah copper-gold project to test a series of copper-gold targets at the Hazelbrook prospect.
Golden Deeps shares rose 3% in recent trade.
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