Dec 10 (Reuters) - Pepinnini Minerals Ltd:
* Pepinnini Minerals Ltd provides joint venture update
* Nicul Minerals and Rio Tinto (L:RIO) Exploration Pty agreed to extend the Woodroffe farm-in and joint venture
* To allow for the JV partners to negotiate and execute a new expanded 70:30(NCL:RTE)joint venture to include tenements held by both partners
* Pepinnini Minerals will not proceed with the farm-in joint venture with OZ Minerals announced 27 October 2015
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