Perth, Australia - Wiluna Mining Corp. Limited (ASX:WMX) (FRA:NZ3) (OTCMKTS:WMXCF) would like to clarify the following regarding the Deposit Identification and Mining JV agreement with GWR Group Limited (ASX:GWR).
GWR Group Limited (ASX:GWR) announced on 16 December that it has terminated its JV Agreement with Wiluna Operations, a subsidiary of Wiluna Mining. Wiluna Mining has written to GWR and its subsidiary Wiluna West Gold Pty Ltd (WWG) to advise that, although WWG has not yet identified a deposit that would qualify as a feed source to WMC's free milling operations, it does not have a valid basis to terminate the JV Agreement.
The JV Agreement includes provisions that requires WWG to use its best endeavours to continue to identify Potential Qualifying Deposits, and Wiluna Mining has advised GWR that it requires WWG to continue to comply with that obligation.
About Wiluna Mining Corporation Ltd:
Wiluna Mining Corp. (ASX:WMX) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 6.4 Moz at a grade of 2.1 g/t Au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Perth, Australia - Wiluna Mining Corp. Limited (ASX:WMX) (FRA:NZ3) (OTCMKTS:WMXCF) would like to clarify the following regarding the Deposit Identification and Mining JV agreement with GWR Group Limited (ASX:GWR).
