TSX-V-listed Diamond Fields Resources (DFR) on Thursday unveiled a cooperation agreement with private equity firm Denham Capital’s Denham Mining Fund, which also includes an option agreement that could see the junior being carried to production at the Beravina zircon project, in Madagascar.
Denham Mining Fund’s TMH Acquisition would make an immediate payment of $250 000 to DFR and would fund the project’s 2019 work programme, which would entail $500 000 over seven months.