Soon - to - be renamed Malagasy Minerals has welcomed Regis
Resources as a
substantial shareholder as the company completes its acquisition of the Karlawinda
gold project near Newman, while also announcing the appointment of local
gold mining executives to its board.
However, a new
resource report is promised — any upgrade of the company's inferred
gold resource (2.23 M oz) could have a
substantial valuation impact... Meanwhile, let's focus on its 10 K oz measured
resource & its 460 K oz indicated
resource.