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Australia's Newcrest Mining inks farm-in JV deal with Greatland Gold

Published 12/03/2019, 06:31 pm
Updated 12/03/2019, 06:40 pm
© Reuters.  Australia's Newcrest Mining inks farm-in JV deal with Greatland Gold
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March 12 (Reuters) - Newcrest Mining Ltd NCM.AX , Australia's top gold miner, on Tuesday said it had signed an exploration farm-in agreement for a joint venture with London-listed Greatland Gold Plc GGPL.L on their Havieron tenement in Western Australia's Paterson province.

Newcrest, which will maintain a majority interest in the JV, will be the manager of the programme during the farm-in period with the option to earn up to a 70 percent stake through total expenditure of $65 million over a six-year period, the company said in a statement.

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