News and Announcements
Apollo Secures Farm-In and JV Agreement with Mincor Resources
- Published February 11, 2013 3:45PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
HIGHLIGHTS
- Apollo has agreed on exploration farm-in and joint venture terms with Mincor Resources.
- The agreement relates to Mincor’s 624km2 EL4932 tenement situated immediately south, and adjacent to Apollo’s Commonwealth Hill Iron and Titan Base metals projects in the Gawler Craton, South Australia.
- Under terms of the Agreement, Apollo may earn 75% of the mineral rights on EL4932 including iron-ore, base metals and gold through exploration expenditure totalling $2M over 3 years.
- Apollo’s expanded footprint now covers over 1,300km2 of the highly prospective northern Gawler Craton and encompasses a number of regional scale geological structures, geophysical and geochemical anomalies.
- Detailed exploration programme planning is now underway for the entire 1,300km2 project site.
Apollo Minerals Ltd (ASX:AON) is pleased to announce it has agreed the terms of an exploration farm-in and joint venture agreement with Mincor Resources NL (ASX: MCR) (“Mincor”) over exploration licence EL4932 in South Australia.
To read full ASX announcement, please download the document below.
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