Great Boulder gets in on Mithril's ground
PERTH (miningweekly.com) – Junior Great Boulder Resources has inked an earn-in agreement with fellow-listed Mithril Resources under which it could earn an 80% stake in the Lignum Dam gold/nickel project, in Western Australia.
Under the terms of the agreement, Great Boulder will take an initial 51% interest in the project by spending A$400 000 on exploration over a two-year period
The Stage 2 exploration would see Great Boulder spend an additional A$600 000 over the next two years, to increase its stake to 80%.
Mithril’s 20% interest in the project will remain free-carried to a decision to mine.
Great Boulder MD Andrew Paterson on Monday said that the Lignum Dam project was an ideal complement to the company’s own Whiteheads project.
“This is a strategic acquisition, given its location adjacent to Whiteheads and also the fact that there is potential for both gold and nickel within the area. It fits nicely into our exploration strategy.”
Paterson said that it was an easy earn-in deal with no dilution to shareholders.
“We will incorporate the Mithril data into our Whiteheads database and prioritise exploration targets accordingly. Mithril has done a lot of good work at Lignum Dam which will give us a good head start.”
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