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BC Iron completes first stage of potash earn-in

15th March 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed BC Iron has completed the first stage of its earn-in into the Carnegie potash project, in Western Australia.

The junior on Wednesday said it had earned a 15% interest in the project by contributing A$500 000 and its mobile exploration camp facilities to the joint venture (JV).

The company will earn a further 15% interest in the Carnegie project by contributing the next A$1-million of expenditure, which will be used to complete the scoping study and associated activities.

The JV partners are planning to fast-track the Carnegie potash project to leverage owner Kalium’s potash experience and expertise, as well as the relevant intellectual property developed at the company’s Beyondie project.

Edited by Creamer Media Reporter

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