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.