Welcome to Skarb Exploration Corp.
Skarb Exploration (the "Company"), soon to be re-named Outback Goldfields is engaged in the business of mineral exploration with an objective to locate and develop economic mineral properties.
On August 25, 2020, the Company announced it has entered into a Letter of Intent with Petratherm Ltd. (ASX: PTR) pursuant to which the Company will acquire a package of highly prospective gold projects located in and around the Fosterville Gold mine in Victoria, Australia (the “Transaction”). The goldfields of Fosterville are home to some of the highest grade and lowest cost mining in the world.
The Transaction is an arm’s length transaction. Pursuant to the terms of the Letter of Intent, it is anticipated that a definitive agreement in respect of the Transaction will be signed on or before October 15, 2020, at which time the Company will issue a comprehensive news release in respect of the Transaction