Sunday, 06 Nov 2011
African Barrick Gold has agreed an iron ore rights deal with Liontown Resources.
The agreement will allow Liontown to explore for iron ore deposits on certain exploration tenements held by ABG in Tanzania.
The agreement allows for Liontown to earn an interest of up to 70% of the iron ore rights on around 530 sq kms of land within the Masabi, Masabi Extension, Siga Hills and Siga Hills North exploration projects.
ABG will retain all rights to minerals discovered other than iron ore and by-products directly associated with iron ore mineralogy.
(sourced StockMarketWire)
African Barrick Gold has agreed an iron ore rights deal with Liontown Resources.
The agreement will allow Liontown to explore for iron ore deposits on certain exploration tenements held by ABG in Tanzania.
The agreement allows for Liontown to earn an interest of up to 70% of the iron ore rights on around 530 sq kms of land within the Masabi, Masabi Extension, Siga Hills and Siga Hills North exploration projects.
ABG will retain all rights to minerals discovered other than iron ore and by-products directly associated with iron ore mineralogy.
(sourced StockMarketWire)
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