Meta Pixel

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.

Capital Insights
The control layer for the electrified home

THE MARKET SHIFT Australian households have been pulled into a real-time energy market they never knowingly signed up for. Flat electricity tariffs are disappearing. In their place: dynamic, time-of-use pricing that changes depending on when power is consumed. Electricity is now cheapest when solar floods the grid in the middle of the day — and […]

Join over 45,000+ sophisticated investors

Join Now