Venturex and Macarthur Minerals expand MoU
JOHANNESBURG (miningweekly.com) – ASX-listed junior Venturex Resources has agreed to expand the memorandum of understanding (MoU) with TSX-V-listed lithium-focused explorer Macarthur Minerals to include the lithium rights on the company’s Whim Creek tenements.
Venturex Resources announced in May that it had signed an MoU with Macarthur Minerals to enter into a farm-in and joint-venture agreement for the lithium rights at Venturex’s 100%-owned Sulphur Springs copper/zinc project, in Western Australia’s East Pilbara region.
Macarthur would have the right to earn up to 51% of the lithium rights by meeting various spending milestones that would be negotiated.
Venturex announced on Thursday that it had agreed to extend the timeframe for the completion of the due diligence from two months to four months.
As part of the due diligence process, Venturex identified that the ground abutting the main Sulphur Springs mining lease was vacant. The ground covered a continuation of the prospective Sulphur Springs stratigraphy and presented opportunities for repeats of Sulphur Springs-style VMS mineralisation.
Accordingly, the company had pegged a new exploration tenement over this area which had also been included in the MoU with Macarthur Minerals.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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















