https://www.miningweekly.com

Adelaide and Emmerson to form JV in NT

15th November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed Adelaide Resources has signed a heads of agreement with Emmerson Resources to form a farm-in and joint venture (JV) over the company’s Rover copper/gold project, in the Northern Territory.

Under the agreement, Emmerson will sole fund A$2-million in exploration over a three-year period, to earn a 51% interest in the project. Once this milestone has been achieved, Emmerson can elect to sole fund a further A$2-million over an additional three years, to increase its shareholding in the project to 75%.

The Rover project comprises two wholly owned tenements located some 85 km to the south-west of Tennant Creek. The project area is prospective for ironstone-hosted copper/gold deposits.

Adelaide acquired the project in 2005 from a subsidiary of Newmont Mining, and to date, the junior has completed an extensive exploration programme discovering copper and gold prospects.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.045 0.616s - 110pq - 2rq
Subscribe Now