Iluka and Monax sign JV for Australian iron oxide project development

By Kasia Patel
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 Australia.

Under the terms of the farm-in and exploration JV, Iluka will earn an 80% ownership in the licenced area in...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: