https://www.miningweekly.com

PepinNini takes option over WA project

15th September 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior PepinNini Minerals has taken a A$150 000 option over the Manchego project, in Western Australia, owned by fellow-listed Phosphate Australia.

Under the terms of the option, PepinNini subsidiary NiCul Minerals would take a two-year option to acquire an 80% shareholding in Manchego for A$500 000. The project comprises one exploration licence and one exploration application over 786 km2, and was considered prospective for nickel, copper and platinum-group metals.

Over the two-year option period, NiCul would spend A$200 000 a year to assess the project’s potential, and should the junior elect to complete the option purchase, it would establish a joint venture with owner Phosphate Australia, to develop the project.

PepinNini said on Monday that the Manchego transaction expanded the company’s exploration footprint in the Musgrave region, which was considered one of the last untapped mineral provinces in Australia. The company currently holds exploration licences over ten tenements, covering 9 600 km2, in the adjacent Central Musgrave region, in South Australia, where drill sampling has revealed evidence of sulphides.

Edited by Creamer Media Reporter

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.124 0.157s - 90pq - 2rq
Subscribe Now