Iluka and Monax sign JV for Australian iron oxide project development
Published: Thursday, 28 May 2015
Having announced that it would continue to look for lucrative M&A opportunities in the mining downturn, Iluka has signed a JV and farm-in agreement with Monax, which is developing a number of Australian exploration projects, including two in iron oxide.
ASX-listed Monax Mining Ltd has signed a farm-in and joint
venture (JV) agreement with Australian miner Iluka Resources
Ltd for its Phar Lap iron oxide copper-gold project in South
Under the terms of the farm-in and exploration JV, Iluka
will earn an 80% ownership in the licenced area in...