09
May
05:27
IGO, Venus ink Henderson nickel-lithium project partnership
Australian miner Venus Metals has entered a binding transaction with IGO regarding exploration, development, and mineral extraction at the Henderson nickel-lithium project in Western Australia, Kallanish notes.
Under the deal, IGO can progressively acquire up to a 70% interest in the project by incurring AUD 4 million ($2.71m) of exploration expenditure on the project and reimbursing Venture Metals AUD 1m.
IGO will sole fund all joint venture expenditure un…
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