Congratulations to Labyrinth Resources Limited (ASX: LRL) on acquiring the Mulwarrie Gold Project from Genesis Minerals Limited (ASX: GMD) and connected A$19.5m share Placement.

Mulwarrie has a high-grade resource, is located on granted mining tenure and has significant Resource extension and exploration potential. Labyrinth is acquiring Mulwarrie for the exceptional high grade growth potential historically constrained by tenure. The Acquisition saw Genesis become a strategic ~7% shareholder in the Company.

Sternship Advisers is pleased to have acted as financial advisor to Labyrinth on the Acquisition and acted as Joint Lead Manager alongside Euroz Hartleys Limited and Bell Potter Securities. Lavan acted as legal adviser to the Company.