Metals explorer Carawine Resources has struck a farm-in and joint venture (JV) agreement with iron-ore miner Fortescue Metals over its eastern Paterson project tenements, in Western Australia.
Under the terms of the agreement, Fortescue would pay an initial A$125 000 in cash and would spend a further A$500 000 on exploration at the Lamil Hills, Trotman South and Sunday tenements, hunting for copper, gold and base metals, over an 18 month period.