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BRIEF-Altona Mining updates on JV with Sichuan Railway Investment Group

Published 06/10/2015, 09:57 am
Updated 06/10/2015, 09:58 am
© Reuters.  BRIEF-Altona Mining updates on JV with Sichuan Railway Investment Group
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Oct 6 (Reuters) - Altona Mining Ltd AOH.AX :

* Update on SRIG - Altona transaction

* Says agreed work and drilling programme commences

* Says principal purpose of the work is to incorporate the recent Turkey creek discovery into the mine plan

* Any costs incurred by Altona from programme would be credited as a cash contribution towards Altona's obligations under framework agreement

* Parties agreed a programme of work of up to US$2 million to advance and maintain the project

* Source text for Eikon ID:nASX8366cz

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