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Evolution JV restructure gets green light

Evolution Mining and Emmerson Resources will move forward with the proposed restructuring of their joint venture in the Northern Territory.

Emmerson has confirmed that the plan to restructure the Tennant Creek mineral field farm-in and JV agreement with Evolution has been approved by shareholders.

Under the restructure, Emmerson retains 100 percent ownership of the around 94 percent of the entire tenement package, which includes gold-dominant projects, small mines and exploration ground for new discoveries.

Emmerson will also hold ownership of a tribute mining agreement at the Edna Beryl site and other small mine projects.

Evolution will own tenements that contain the Gecko, Goanna and Orlando gold-copper prospects, around 6 percent of the entire package.

These tenements are predominantly copper-rich, but also have the potential for gold grades to increase at depth. Read more…

 

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