Australian major South32 is advancing its strategy of partnering with junior explorers to access attractive opportunities and has its eye on another project in the US state of Alaska.

The miner, which currently has operations in Australia, South Africa and Arizona, has entered into an agreement with TSX-listed Freegold Ventures granting it an option to earn a 70% interest in the Shorty Creek project, about 120 km from Fairbanks.

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