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...

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