From FT.com: Antofagasta Market Cap: 8.38 GBP (July 25).
From Antofagasta website:
Successful exploration is fundamental to the long-term future of a mining company..........................................
Generally the Group conducts its own exploration activities in the areas in which it has the deepest experience, namely Chile and Peru. For early-stage exploration outside of these areas, the Group normally works through partnerships with other companies already established in those locations
Exploration projects: Major exploration programme throughout Chile Earn-in agreements in North America, Latin America, Europe, Africa and Australia
Antofagasta becomes Monax’s largest shareholder after Placement.
Millers Creek Designated Project (with Antofagasta) (Copper-Gold)
Detailed heli-borne magnetic survey completed over Oliffes Dam target,
Approvals process commenced for planned drilling program.
Punt Hill Project
(Copper-Gold)
Chilean major, Antofagastareaches 51% earn-in for Punt Hill Project.
Gravity survey completed.
Phar Lap Project
(Copper-Gold) Memorandum of Understanding signed withAntofagasta for early stage exploration.
Approvals process commenced for gravity survey and possible drilling.
PS:
Apologies for confusing the two Parndana ELs in previous posts.
The planned drilling is, as ozblue has highlighted, at the Parndana EL 4581 Granted 100% Monax Mining
MOX Price at posting:
2.8¢ Sentiment: None Disclosure: Held