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BRIEF-Antipa Minerals Signs Farm-In, JV Agreements With Newcrest

Published 28/02/2020, 09:50 am
© Reuters.  BRIEF-Antipa Minerals Signs Farm-In, JV Agreements With Newcrest
AZY
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Feb 28 (Reuters) - Antipa Minerals Ltd AZY.AX :

* $60 MILLION EXPLORATION FARM-IN AND JOINT VENTURE AGREEMENTS SIGNED WITH NEWCREST

* NEWCREST TO ACQUIRE A 9.9% INTEREST IN ANTIPA BY SUBSCRIBING FOR $3.9 MILLION IN SHARES AT 1.7 CENTS PER SHARE

* CO RETAINS 100% OWNERSHIP OF 1,700KM2 OF HIGHLY PROSPECTIVE GROUND IN PATERSON PROVINCE INCLUDING EXISTING GOLD-COPPER RESOURCES

* FARM-IN & JV AGREEMENTS SIGNED FOR A 2,180KM2 SOUTHERN PORTION OF CO'S GROUND IN PATERSON PROVINCE OF WESTERN AUSTRALIA

* UNDER FARM-IN AGREEMENT NEWCREST MAY ACQUIRE UP TO A 75% JV INTEREST IN CO'S WILKI PROJECT IN A STAGED PROCESS

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