Tag: Paterson Province

Antipa Minerals signs $60m farm-in deal ANTIPA Minerals (ASX: AZY) has entered into a $60m farm-in agreement and exploration joint venture agreement with gold miner Newcrest. The agreement covers the southern part of Antipa Minerals’ 100pc-owned exploration ground in the Paterson province of WA, now known as the Wilki project. The Wilki project abuts Newcrest’s Telfer mine for gold and copper and its O’Callaghans deposit. Under the deal Newcrest has the option to acquire a 75pc interest in the joint venture for Wilki. Also, Newcrest has entered into an agreement with Antipa Minerals to acquire a 9.9pc shareholding in the Australian company through a $3.9m share placement. Antipa Minerals chairman Stephen Power said the agreements with Newcrest will ensure a...

CARAWINE Resources (ASX: CWX) has entered into a farm-in and JV agreement  with Fortescue Metals (ASX: FMG) to explore eastern Paterson copper, gold and base metals project tenements in WA. Carawine’s Lamil Hills, Trotman South tenements, near Newcrest’s Telfer gold and copper mine, and Sunday tenement, next door to Metals X’ Maroochydore copper-cobalt deposit, are still in early stages of exploration, with Carawine’s work to date mostly comprising target generation activities based mostly on work by previous explorers. FMG will pay $125,000 cash up front and have a minimum obligation to spend $500,000 within the first 18 months of the agreement. The agreement gives FMG the right to earn up to 75pc interest by spending $6m over two stages. Stage...