The exploration activities, part of a joint venture the two companies signed in March, aim to define the extent of mineralization along strike and at depths to 1,000m below surface
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Drilling is set to begin April 24 on multiple exploration targets.
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Australia’s largest gold producer has been searching for juniors with appealing assets in Western Australia’s Paterson region to jointly develop them.
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The world’s largest miner has signed an earn-in and joint venture deal with Canada’s Luminex Resources over the Tarqui copper project.
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Joint venture will focus on advancing the London-based explorer’s Havieron project in Western Australia’s prolific Paterson region.
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Australia’s largest gold producer is paying $806.5 million for a 70% stake in Imperial Metals’ Red Chris copper and gold mine, located in British Columbia.
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Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.
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The country’s gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years.
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The US mining giant fired back with the terms of a deal that seeks merging operations in Nevada.
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The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.
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