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Exploration|Gold|Mining|PROJECT
Exploration|Gold|Mining|PROJECT
exploration|gold|mining|project

Newcrest continues on Wilki earn-in

24th November 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold miner Newcrest Mining will continue with the next stage of the farm-in agreement over ASX-listed Antipa Minerals' Wiki project, in Western Australia.

The Stage 1 earn-in requires the gold miner to invest a further A$10-million on exploration expenditure by March 2025, to earn a 51% joint venture (JV) interest in the Wiki project, and followed an initial A$6-million expenditure on exploration.

Newcrest has the right to withdraw from the farm-in during the Stage 1 earn-in.

The company could also spend a further A$44-million on exploration by March 2028 during the Stage 2 earn-in, to acquire a 75% interest in the JV.

Edited by Creamer Media Reporter

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