25
May
10:23
FEL increases ownership of JWD at Wiluna West
Australian-listed mineral exploration company Fe Limited (FEL) has acquired an option to boost its equity interest in the JWD deposit within the Wiluna West iron ore project in Western Australia from 51% to 60%, Kallanish notes.
The company has paid a AUD 1 million ($0.78m) refundable deposit to its joint venture partner Golden West Resources (GWR) to secure a three-month option. The total price of the option is AUD 2.5m.
FEL executive chairman Tony Sag…
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