RE: Newcrest29 Nov 2020 23:48
Looking forward to gervais doom an interview and explaining it all
uri Farm-in and Joint Venture Agreement
Newcrest has also entered into the Juri Joint Venture which is a farm-in and joint venture agreement with Greatland Gold, with respect to its Black Hills (E45/4512) and Paterson Range East (E45/4928) Projects, located within the Paterson Province approximately 50km from the Telfer operation. The new joint venture covers an area of approximately 248km2.
Under the terms of the agreement, Newcrest has been granted an initial 25% joint venture interest with the potential to earn up to a 75% joint venture interest through total expenditure of A$20 million over a two stage earn-in, across a five year period. Greatland Gold will manage the Juri Joint Venture until the end of calendar year 2021, after which Newcrest will have the right to be appointed as Manager.
Newcrest and Greatland Gold have agreed an exploration programme until the end of calendar year 2021 which is anticipated to drill test priority targets, including the Parlay target within the Black Hills Project and the Goliath, Outamind and Los Diablos targets within the Paterson Range East Project. Additionally, geophysical work will be conducted in calendar year 2021 to identify other potential targets within both Projects.
Newcrest also retains a right of first refusal over Greatland Gold’s Scallywag Project (E45/4701) under the Havieron Joint Venture Agreement.