Gold 50 Limited (ASX:G50) agreed to acquire White Caps Project in Nevada from White Caps Gold Mining, Inc. for $10 million on November 9, 2022. The consideration is $0.50 million for Signing of agreement, $1.50 million for Mineral Reserve Estimate of 250,000 ounces of gold at a grade of at least 2.5g/t gold, $5.25 million for Decision to mine and $2.75 million for Commencement of mining.