News and Announcements
Mithril Resources (ASX:MMG) Expands East Arunta Nickel Search
- Published September 12, 2013 10:37AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
- MMG to earn up to 90% interest in EL25453 by completing expenditure of $5M over 6 years – tenement currently held by Mithril (60%) and Oklo (40%)
- Represents a significant expansion of MMG’s nickel search area with approximately 47% (2,368kms2) of Mithril’s East Arunta Project Area now being explored by MMG
- MMG sole funding and managing all nickel exploration at East Arunta with a 2,400 metre RC drill program commencing October 2013 and aeromagnetic survey commencing November 2013
- Mithril remains focussed on copper with 3,000 metre RC drill program currently underway
Mithril Resources Ltd (“Mithril” – ASX: MTH) wishes to advise that it has executed a new Option and Joint Venture Agreement with MMG Exploration Pty Ltd (“MMG”) and Oklo Resources Limited (“Oklo” – ASX: OKU), whereby MMG can earn up to a 90% interest in Exploration Licence 25453 which is currently held by Mithril (60%) and Oklo (40%) by completing expenditure of $5 million over 6 years (“Harts Range Option and Joint Venture”).
To read the full ASX Release please click on the document below.
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