WPG 0.00% 1.5¢ wpg resources ltd

Ann: MEU: Marmota and WPG form Strategic Alliance, page-2

  1. 25,647 Posts.
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    I stayed out of MEU because I wasn't impressed with it's results, but I'm no Geo.
    "Marmota is pleased to advise that Marmota and WPG Resources (ASX:WPG) (owner of the Challenger Gold processing plant) have executed a Memorandum of Understanding (MoU) to investigate cooperating for the development of Marmota’s Aurora Tank gold project and the treatment of Aurora Tank gold ore through the Challenger plant. KEY POINTS • Marmota is exploring different avenues to bring Aurora Tank into production. • On 30 October 2017, Marmota reported the first metallurgical testwork from Aurora Tank returned 94 to 97% gold recoveries. • Aurora Tank is located just 50km NE of WPG’s Challenger plant. • Under the non-binding MoU, the parties will investigate ways for the processing of Aurora Tank gold ore at Challenger, whether by toll treatment, joint venture, profit sharing or other arrangements that they may agree.
 
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