Sherlock Bay Nickel Corp Ltd 16-Dec-05
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Tuesday, 20 December, 2005 - 21:00
Has entered into an agreement with Mineralogy Pty Ltd ("Mineralogy") under which SBNC has the exclusive right to purchase Cane River Mining Pty Ltd ("Cane River"), a wholly owned subsidiary of Mineralogy. Mineralogy is the owner of the Balmoral iron ore deposit, reputed to be the largest undeveloped magnetite project in the world.