Intrepid to earn into Ausgold’s Doolgunna Station project
ASX-listed miners Intrepid Mines and Ausgold on Monday announced a farm-in and joint venture (JV) agreement in terms of which Intrepid could earn up to an 80% stake in Ausgold’s Doolgunna Station project, north-east of Meekatharra, in Western Australia.
Located to the west and along trend from Sandfire Resources’ DeGrussa copper/gold operation, Doolgunna Station is prospective for volcanic-hosted massive sulphide base metals mineralisation, similar to that found at DeGrussa, as well as orogenic Plutonic-style mineralisation.
Intrepid has to spend $2.15-million over two years to earn a 70% interest. At that stage, Ausgold could elect to transfer a 70% interest and retain a 30% contributing interest in the project, or transfer an 80% interest and retain a 20% interest that is free carried until a decision to mine is made.
The agreement will provide the necessary funding for an exploration programme at Doolgunna Station, while Ausgold focuses its exploration funds on its Katanning gold project, also in Western Australia.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation