Just taken my holding to a touch under 1.3mill
Dear All
Please find below the link to our latest announcement, an update on our JVs and royalties.
Intermin has several JVs in place on 100% owned tenure in Western Australia and Queensland covering commodities including gold, vanadium, molybdenum, nickel, copper, zinc and PGEs. Collectively, our JV partners can earn - in up to 65%-75% on the projects by expending A$20m in total over the next 3-4 years.
All JV partners are actively advancing the projects with the exception of Evolution Mining who have elected to withdraw from the Binduli gold JV. Binduli now reverts 100% back to Intermin and drilling will commence in the current Quarter at the Coot, Crake, Darter and Honey Eater prospects.
AXF Vanadium have recently committed to the second expenditure commitment of A$5m to earn up to 75% of the exciting Richmond Vanadium project in Queensland. Metallurgical test work is ongoing in China with first results on ore pre-concentration expected in the current June Quarter.
EGS have commenced drilling at Menzies, Saracen and Mithril will commence drilling next Quarter of their respective JV areas at Lehmans Well and Nanadie Well.
In addition, we hold a A$0.50/t royalty over Norton Gold Fields Janet Ivy Mine and surrounding Mining Lease. First royalties were received last Quarter with over A$700,000 expected in 2018 from their treatment schedule.
As we focus on building a mid-tier gold business, our JVs provide shareholders with exposure to multi-commodities in several different regions and we will continue to support our quality JV partners and participate further as the projects advance.
To view the announcement, visit our website at www.intermin.com.au or click on the link below:
Click here to view announcement
Coming Up:
New drilling results from the 2018 program at Teal
Metallurgical test work results from the Richmond Vanadium project
Completion of Teal stage 1 and 2 and final reconciliations and financial results
Further drilling results from Teal and Anthill
Goongarrie Lady Feasibility Study
Resource updates from Teal
Regards,
Jon Price
Managing Director
INTERMIN RESOURCES LTD (ASX: IRC)