St Barbara Ltd acquires 70% interest in Lake Wells Gold Project
Published by Jessica Casey,
Editor
Global Mining Review,
Australian Potash Ltd has announced that St Barbara Ltd has advised satisfaction of the expenditure commitment under the earn-in and joint venture (JV) agreement to acquire a 70% interest in the tenements comprising the Lake Wells Gold Project (LWGP).
APC and SBM have now formed an unincorporated JV to continue the exploration, development and mining of mineral resources on the project. Under the terms of the agreement, APC shall not be obliged to make any contribution to project expenditure until such time as SBM have completed a bankable feasibility study into the development of any non-potash orebody within the project tenements.
Read the article online at: https://www.globalminingreview.com/finance-business/08042021/st-barbara-ltd-acquires-70-interest-in-lake-wells-gold-project/
You might also like
Beyond securing supply: Building rare earth resilience
Anshuman Saini and Rahul Arora, Evalueserve, examine rare-earth supply concentration and present Evalueserve’s 5R framework for strengthening resilience through efficiency, recycling, diversified sourcing, regionalisation and substitution.