Acquisitive gold miner Ramelius Resources has confirmed it was behind the purchase of a sizeable stake in fellow Murchison operator Spartan Resources, but says it has no “current intention” to make a takeover offer.
The Mark Zeptner-led miner informed the market on Thursday that it had bought 98.5 million shares in Spartan, securing it a foothold worth about 8.9 per cent of the register. According to a notice filed with the ASX Ramelius spent north of $87 million on the shares across three transactions on Tuesday and Wednesday.
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