Novo Resources has attracted Sumitomo Corp to explore its Egina gold
project near Port Hedland in Western Australia with an unusual-looking
joint venture that ultimately sees the Japanese company able to earn
a 40% stake by spending up to US$30 million over three years.
Novo signs interesting gold JV with Sumitomo
Sumitomo in JV with Novo Resources in Pilbara, Western Australia
Gold And Silver > Gold-and-silver-news 10 June 2019 CommentsShare
Sumitomo must spend a "minimum of $5 million per phase
defined by a program and budget".
https://www.mining-journal.com/gold-and-silver-news/news/1364879/novo-signs-interesting-gold-jv-with-sumitomo
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My opinions are my own and and DD I post should be confirmed as unbiased
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