mox-going for a run, page-27

That is a huge run , couldnt be insider trading could it , why no asx query . Might be something to do with Phar Lap and Antofagasta.


Tuesday 2 September, 2014
Monax Mining Limited (“Monax”) (ASX:MOX) is pleased to announce that a detailed ground gravity survey has been completed on its 100% owned Phar Lap project, located on the margin of the Mt Woods Inlier in northern South Australia (Figure 1). Monax recently announced it has signed a Memorandum of Understanding (MOU) with a wholly-owned subsidiary of major Chilean copper producer Antofagasta plc (“Antofagasta”) for the Phar Lap IOCG Project. Under the MOU, Antofagasta will fund early stage exploration including access approvals and the current detailed infill gravity survey over the two anomalies. Antofagasta may then elect to proceed to a Farm-In Agreement to earn 70% interest in the tenement by funding exploration to a value of US$2 million within 3 years. Once the modelling has been completed, the results will be presented to Antofagasta for a decision on whether to continue with the project and progress to the Farm-In Agreement.