So Parklands is still 100% AZY, unless Newmont choose to keep spending before (or possibly despite the sale of the other Telfer assets), in order to add Wilki an additional asset to what they are proposing to sell.
So this might still give Newmont a reason to fast-track some drilling at Parklands there whilst there is still time, depending upon how much money there is left to be spent to secure that 51%.
If there is not much more to spend, it might be worth it for them, although it would still only get them a 51% equity, so they would have to find something pretty spectacular to make it worth the trouble. Which could also be potentially embarrassing, if Telfer Mill had been sold by then.
It sounds more likely that they will just walk away at this point, leaving Antipa with a very tempting target that will help to bring in another JV partner, and not necessarily that partner that gets the Newmont exploration ground, mine and Mill. Room for competitive tension there.
Or ultimately, if Antipa went ahead alone and proved up a significant open pit resource at Parklands, they could simply truck that ore to Minyari or vice versa.
Optionality.
AZY Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
(20min delay)