Gold explorer Alice Queen on Wednesday announced that mid-tier miner St Barbara had entered into an earn-in and joint venture (JV) agreement over the Horn Island gold project, in the Torres Strait of Queensland.
In terms of the agreement with Alice Queen’s 84.5%-owned Kauraru Gold subsidiary, St Barbara has the right to earn a 70% interest in the Horn Island Project by sole funding expenditure of $4-million within three years.