Strata Minerals withdraws from Cardabia phosphate JV
Published: Thursday, 27 November 2014
Strata appears to be increasingly confident about its prospects at the Diamond Mountain phosphate project. The company, which recently identified further mineralisation at the Utah-based property, now plans to focus its efforts on bringing Diamond Mountain forward.
Vancouver, Canada-based Strata Minerals
Inc. has withdrawn from the Cardabia joint venture
(JV) phosphate project, located in Western Australia.
Strata’s most recent exploration programme at
the project, of which it previously owned 80%, concluded in
June 2013. Through the dissolution of the JV, the company
estimates that it will save Australian dollar...