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Project : CENTRAL AUSTRALIAN PROJECT

Mining
Open Cut
  Estimated Project Value
$ 1,000,000
Address North and North East of
Suburb Alice Springs
State NT
Council Alice Springs Town
Postcode 0872
Project Type Resource - Base Metals
Development Type New
Status Early
Stage Exploration, Drilling, Survey & Assessment
Ownership Private
Notes
New Joint Venture Partners Named Exploration Planned
Commence Date 5/7/2004
Completion Date 7/12/2005
Details
  • Tanami Gold NL has entered into an agreement to joint venture with BHP Billiton and Teck Cominco.
  • The Alliance (being BHP Billiton and Teck Cominco) has the option to earn a 51% interest in the EL's after expenditure of $2million.
  • The Alliance may then elect to continue sole funding through to completion of a bankable feasibility study or dilute.
  • Tanami Gold has the right to explore the tenements for mineral deposits other than base metals provided such programmes do not interfere with the Alliance programmes.
  • EL 9528, EL 10158, EL 10302, EL 10401, EL 22917, EL 22923.
 
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