https://www.miningweekly.com
Energy|Exploration|Mining|PROJECT
Energy|Exploration|Mining|PROJECT
energy|exploration|mining|project

Paladin now owns 100% of Michelin project

18th October 2023

By: Creamer Media Reporter

     

Font size: - +

Australia-listed Paladin Energy’s interest in the Michelin exploration project, in Labrador, Canada, has increased to 100%, from 75% previously.

As a result of the funding and dilution provisions of the Michelin joint venture agreement, the Michelin nominees have surrendered their 25% participating interest to Aurora.

The Michelin project is located in a premier mining jurisdiction with more than $75-million of in-ground exploration work previously undertaken.

Paladin has recently completed an extensive geological review including an on-ground review of historic data and an airborne gravity-gradiometry survey.

The company has also re-opened an office in St John’s and has successfully recruited an in-country exploration team.

With the increase in Aurora’s interest in the Michelin project to 100%, Paladin has started a workstream to determine the pathway forward for the project.

The company states that it will provide an update on future activities in the first half of next year.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 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:0.198 0.238s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: