Search

Abra Mining farms into Apex's Jillawarra project


Abra Mining Ltd has taken over the farm-in rights of Perilya Ltd to Apex Minerals' NL Jillawarra project in the same area as Abra's multi-resource project, near Meekatharra in Western Australia's northern goldfields region.
In addition, one year will be removed from the timeframe for Abra's stage-by-stage arrangement to assume up to 70 per cent of the project.

It is seen as a positive development for the project as Abra has a strong focus on this region and has the financial and technical resources to move the project forward.

Under the amended terms of the Jillawarra joint venture, Abra can earn a 51 per cent interest via the expenditure of $500,000 on exploration prior to April 28 2008, and has the right to increase its interest to 70 per cent by spending an additional $850,000 by April 2010.

In regards to Jillawarra, the joint venture refers to an area of approximately 1,500 square kilometres including granted exploration licence E52/1413 immediately to the west of Abra's Mulgul project.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer