Argonaut acted as Financial Advisor to the successful $52 million acquisition of the Pajingo Gold Mine in North Queensland in 2016. The acquisition was done by Shandong Tyan Home Co Ltd. through its Australian subsidiary, Minjar Gold Pty Limited. Minjar Gold Pty Limited is an Australian gold exploration and development company operating since 2009. The acquisition of the Pajingo Gold Mine included the Twin Hills and Wirralie tenements and was a strategic move to expand and extend mine life operations.
Minjar Gold Pty Limited is the fully-owned Australian subsidiary of Jinan High-tech Development Co. Ltd, formerly Shandong Tyan Home Co, a Chinese mining and real-estate company listed in the Shanghai Stock Exchange. Jinan High-tech Development acquires land, plans, designs and develops land for the residential and commercial real estate market in Shandong, China. Minjar Gold Pty Limited’s main and wholly-owned asset is Golden Dragon Operations in Western Australia.
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