Niche Capital widens mining operations

PETALING JAYA: Niche Capital Emas Holdings Bhd’s wholly-owned subsidiary, Novaworth Sdn Bhd, has entered into an agreement to grant exploration rights to Spate Precious Metals Sdn Bhd.

In a filing with Bursa Malaysia, Niche Capital, a jewellery producer, said the agreement entailed Novaworth carrying out in-ground exploration and/or prospecting of gold and incidental technical works on an area measuring 910 ha in Tanah Merah, Kelantan.

Niche Capital said the move was to expand its mining business and will enable it to widen its prospects in the area where it was currently operating.