Flinders Island Project, South Australia (80% owned by Tawana and 20% owned by Orogenic Exploration/Flinders Diamonds Ltd earning in)
Flinders Island is situated 28 km west of the Eyre Peninsula of South Australia.
Tawana and Orogenic entered into a joint venture agreement with Flinders Diamonds Limited (FDL) in April 2007 under the terms of which FDL is able to earn a 70% interest in the project by spending $2 million on the combined Flinders Island and Eyre Peninsula Projects. In the event that FDL earns 70% interest in the project, Tawana's interest will reduce to 15%.
Eyre Peninsula Project, South Australia (80% owned by Tawana and 20% owned by Orogenic Exploration/Flinders Diamonds Ltd ("FDL") earning in.)
Tawana and Orogenic entered into a joint venture agreement with FDL in April 2007 under the terms of which FDL is able to earn a 70% interest in the project by spending $2 million on the combined Flinders Island and Eyre Peninsula Projects. In the event that FDL earns 70% interest in the project, Tawana's interest will reduce to 15%.
I think these projects may prove fruitfull over the coming weeks/months.
I like the flinders island project a lot.....did some reading up on it and a good possiblility of finding something of interest.
Anyway back to the ore...
or the FDL and coke.....cheers
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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