https://www.miningweekly.com
Exploration|Gold|Iron Ore|Mining|PROJECT|Projects
Exploration|Gold|Iron Ore|Mining|PROJECT|Projects
exploration|gold|iron-ore|mining|project|projects

Shree divests of Arunta interests

7th January 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Shree Minerals has struck a sale and purchase agreement with unlisted MetalsGrove Mining over its stake in the farm-in and joint venture (JV) agreement with Territory Lithium, in the Northern Territory.

The JV, known as the Arunta JV, covers the Box Hole, Edwards Creek and Bruce gold projects.

Under the terms of the agreement, MetalsGrove will pay Shree A$50 000 in cash, and will issue the company 4.75-million shares in MetalsGrove. The transaction is subject to a number of conditions precedent, including MetalsGrove conducting a due diligence investigation and ASX approval.

Shree said on Friday that the sale of the company’s interest in the Arunta JV would allow Shree to focus its efforts on its existing high-priority exploration targets in New South Wales and Western Australia, and to restart iron-ore production and shipping at its Nelson Bay River project, in Tasmania.

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 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

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:0.121 0.16s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: