Australia’s largest gold mining company, Newcrest Mining, has entered into six gold exploration joint ventures in Australia’s Northern Territory and Western Australia, one with ABM Resources and five with Encounter Resources.
The ABM-Newcrest joint venture is based on a non-binding heads of agreement focused on ABM’s Euro project in the Northern Territory and calls for Newcrest to sole fund up to A$12 million over seven years to earn up to a 75% interest in the project. The project area hosts key targets along strike or parallel to the Trans-Tanami trend that have seen limited or no previous exploration.
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