03
Jul
01:41
Australia's LCL Resources acquires Veri Veri nickel project
Australian miner LCL Resources is acquiring 100% ownership of EL2566 adjoining the company’s Papua New Guinea (PNG) Veri Veri nickel project to the east, Kallanish notes.
LCL Resources has executed a binding tenement sales agreement with Munga River, a private PNG exploration company for the acquisition.
The transaction includes the issuance of 6.7 million fully paid LCL Resources ordinary shares to Munga River on completion of the transfer of EL2566 to LCL…
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