ASX-listed Vango Mining has exercised its option to gain a 51% interest in the Ned’s Creek gold project, in Western Australia, by spending A$5-million within a three year period.
Vango and fellow-listed Lodestar Minerals in May struck a binding term sheet under which Vango secured an exclusive four-month option to enter into a farm-in and joint venture (JV) agreement over Ned’s Creek, which is located some 20-km south-east of Vango’s own Marymia gold project.