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Perth-based Spitfire Materials is looking to grow its gold exploration portfolio through the acquisition of a private company led by Pilbara Minerals pioneers Neil Biddle and John Young, in a scrip deal worth $4.7 million. Spitfire will issue 59.5 million shares to acquire Admiral Gold, which has joint venture agreements over two gold exploration projects; the Mulwarrie project in the Goldfields, and the Alice River project in Queensland.
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