06
May
12:15
Legacy, Hawthorn advance Mt Bevan with new joint venture
Legacy Iron Ore and Hawthorn Resources have taken the first steps of their new Mt Bevan Iron Ore Joint Venture (JV) project, Kallanish learns from the latter’s media release.
In April, the two companies also received the initial AUD 8 million ($5.68m) payments from Hancock Magnetite Holdings for 30% equity of the project. Under the agreement they signed last year, Hancock will also pay another AUD 1m into the JV’s bank account.
On 14 April, the three …
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