Herbert Smith Freehills advises Tulla Resources on its merger with Pantoro and demerger of certain industrial mineral assets
Helen Saulnier
2 min read
Tulla Assets is a gold improvement and mineral exploration company integrated in the United kingdom. Herbert Smith Freehills recommended the corporation on its ASX listing in March 2021.
The merger will consolidate 100% ownership and manage of the Norseman Gold Undertaking, together with the Norseman battery and base metals mineral rights.
The merger will generate a new mid-cap ASX-mentioned gold organization with target production of 110,000oz per annum, a Mineral Resource of 4.79 Moz and an Ore Reserve of .98 Moz and, given the scale of the Norseman task, sizeable opportunity to expand the resource foundation and generation profile by way of greenfields and brownfields exploration.
Herbert Smith Freehills’ workforce is getting led by M&A partner Adam Charles and Cash Markets and M&A partner Tim McEwen, and consists of executive counsel Cecilia Mehl, senior associate Nicholas Lee, and solicitor Rhys Ryan.
The main workforce is further supported by partner Sian Newnham and senior affiliate Kirstin Northway (electrical power and methods), partner Nick Heggart (tax), and partner Andrew McLean (finance).
Adam Charles said, “We are delighted to be advising Tulla Resources on this transaction, which will provide Tulla shareholders with the prospect to realise significant value by using the consolidated ownership of the Norseman gold asset and battery metals, and the retained possession of the industrial mineral rights at Norseman. We are proud to have drawn on our sector-leading general public M&A, cash markets, energy and resources, tax and finance procedures to guide the Tulla team in enterprise this sophisticated transaction. We glimpse forward to continuing to recommend Tulla Resources during this project.”
Tim McEwen said, “Having continued to perform with Tulla Means given that its 2021 IPO, it is terrific to be aiding the corporation in this vital transaction. We pleasure ourselves on supporting our consumers all through the very long expression on a range of transactions.”
Shakespeare Martineau LLP is advising Tulla Sources on the United kingdom factors of the strategies.
