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The joint venture area has been extended to include 4 exploration licences and 2 applications for exploration licences at Mt Padbury near Peak Hill covering a total of approximately 871 sq kms. The joint venture has been extended to exploring and exploiting all minerals and commodities (excepting manganese) instead of being limited to gold and uranium. The participating interests of the companies shall now be 70%Padbury and 30% Aurium Resources. The term of the joint venture has been extended to 31 March 2016. Aurium Resources is committed to contributing $550,000 toward exploration by 31 December 2009 with this contribution being in place of any outstanding and continuing obligations held prior to this variation. Aurium issued 35,000,000 shares to Padbury in consideration of the variation to the joint venture. These new Peak Hill Joint Venture arrangements give both companies the opportunity to exploit this highly prospective area The joint venture area has been extended to include 4 exploration licences and 2 applications for exploration licences at Mt Padbury near Peak Hill covering a total of approximately 871 sq kms. The joint venture has been extended to exploring and exploiting all minerals and commodities (excepting manganese) instead of being limited to gold and uranium. The participating interests of the companies shall now be 70%Padbury and 30% Aurium Resources. The term of the joint venture has been extended to 31 March 2016. Aurium Resources is committed to contributing $550,000 toward exploration by 31 December 2009 with this contribution being in place of any outstanding and continuing obligations held prior to this variation. Aurium issued 35,000,000 shares to Padbury in consideration of the variation to the joint venture. These new Peak Hill Joint Venture arrangements give both companies the opportunity to exploit this highly prospective area
The joint venture area has been extended to include 4 exploration licences and 2 applications for exploration licences at Mt Padbury near Peak Hill covering a total of approximately 871 sq kms. The joint venture has been extended to exploring and exploiting all minerals and commodities (excepting manganese) instead of being limited to gold and uranium. The participating interests of the companies shall now be 70%Padbury and 30% Aurium Resources. The term of the joint venture has been extended to 31 March 2016. Aurium Resources is committed to contributing $550,000 toward exploration by 31 December 2009 with this contribution being in place of any outstanding and continuing obligations held prior to this variation. Aurium issued 35,000,000 shares to Padbury in consideration of the variation to the joint venture. These new Peak Hill Joint Venture arrangements give both companies the opportunity to exploit this highly prospective area
AGU Price at posting:
4.1¢ Sentiment: ST Sell Disclosure: Held
