NTL has acquired Newcrest NZ.
Newcrest has 80% ownership of Rahu exploration project.
NTL now owns 100% of The Rahu exploration project, NOT Laneway.
Charles Nader, chairman of NTL "We are pleased to take over effective ownership of the Rahu asset".
Rahu is an exploration Lease and this was the lease I was referring to.
The mining license is Talisman.
According to the market release by NTL on this transaction, para. 2 states, "The Rahu permit........covers the Rahu Ridge-White Rocks area (which is primarily rolling farmland), and extends into Department of Conservation scrub + forest in the north of the permit".
Who owns the Land?
Farmers and D.O.C., Clearly!!
Not LNY.
Bet they wish they had the exploration license Though!
NTL has acquired Newcrest NZ. Newcrest has 80% ownership of Rahu...
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