Newcrest firms up Alice Queen plans
PERTH (miningweekly.com) – Gold miner Newcrest has firmed up plans to hunt for gold in New South Wales, replacing a previous heads of agreement with ASX-listed Alice Queen, with a formal option and farm-in agreement.
Subject to conditions, Newcrest will have the option to obtain the right to an interest in the Mendooran project tenements by spending some A$2-million on exploration within the first two years of the agreement.
Subject to meeting the minimum expenditure, Newcrest can earn the right to a 51% interest in the project by spending a further A$3-million over the next two years.
Subject to completing the first earn-in, Newcrest will then have the right to earn a further 29% interest in the project by spending a further A$5-million during the 60 months immediately following the Stage 1 earn-in.
The agreement is conditional upon the partners agreeing on the terms and scope of a minimum commitment.
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