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BRIEF-Terramin Australia says termination Menninnie Dam Joint Venture

Published 21/07/2015, 10:21 am
© Reuters.  BRIEF-Terramin Australia says termination Menninnie Dam Joint Venture
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July 21 (Reuters) - Terramin Australia Ltd TZN.AX :

* Termination of menninnie dam joint venture TZN.AX

* Says Terramin will retain 100% of the menninnie dam project (project) with Musgrave relinquishing its farm-in rights

* Entered into an agreement with Musgrave Minerals for the termination of the menninnie dam mining farm-in and joint venture agreement

* Says Terramin has agreed to pay Musgrave a net smelter royalty (nsr) of 1.0%in respect of tenements el 5039 and el 4813

* Currently developing an exploration strategy for project which it will announce to market in due course

* Source text for Eikon ID:nASX9vdTnD

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