https://www.miningweekly.com
Exploration|Gold|PROJECT|Resources
Exploration|Gold|PROJECT|Resources
exploration|gold|project|resources

Great Boulder gets in on Mithril's ground

9th September 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

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.”

Edited by Creamer Media Reporter

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

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:0.105 0.144s - 91pq - 2rq
Subscribe Now