"The Tuckanarra project was purchased in November 2014 and contains an historical Indicated and Inferred JORC compliant resource of approximately 80koz Au. In December 2020, Monument sold an 80% interest in Tuckanarra to Odyssey Gold Ltd., leaving Monument with a 20% free carried interest until a decision to mine and a 1% NSR royalty over Odyssey’s 80% interest in the property. An unincorporated joint venture was formed with Odyssey to advance the exploration over Tuckanarra, with Odyssey solely responsible for funding the exploration and evaluation activities at Tuckanarra until a decision to mine is reached. The future processing of ore from tenements held by Odyssey through the Burnakura plant remains an option should commercial terms be reached."
Odyssey needs a partner- maybe Monument's acquisition would enable that with WGX?
NMG Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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