LYC 6.62% $6.76 lynas rare earths limited

wllmtrish,"1. TANTALUM JOINT VENTUREAnaconda may earn...

  1. 704 Posts.
    wllmtrish,

    "1. TANTALUM JOINT VENTURE

    Anaconda may earn participating interests in all tantalum within the Mt Weld Mining Tenements by completing drilling, metallurgical testwork and a scoping study to the value of $500,000 to earn an interest of 49%, a pre-feasibility to the value of a further $1,000,000 to earn a further participating interest of 31% and a definitive feasibility for the mining and processing minerals for the extraction and production of tantalum to earn a further participating of 10%, subject to the right of Lynas to retain 1 contributing participating interest of 20% in the Tantalum Joint Venture by reimbursing Anaconda for 20% of the costs of the definitive feasibility study.

    Niobium will be included with tantalum in the Tantalum Joint Venture where niobium is contained in minerals with tantalum if the extraction and production of both tantalum (Ta) and niobium (Nb) are technically and commercially feasible.

    2. OTHER METALS

    In addition to the rights under the Tantalum Joint Venture, Anaconda will have the sole right to mine and extract all other metals within the Mt Weld Mining Tenements, upon execution of the Mt Weld Projects Agreement following completion of the acquisition of the Mt Weld Companies by Lynas.

    Other metals reported with elevated values in mineralisation
    identified within the Mt Weld Mining Tenements include titanium, strontium, vanadium, and aluminium.

    Lynas will retain the solo rights to mine and extract all rare earth minerals within the Mt Weld Tenements, other than rare earth minerals produced as a by-product of mining and processing of minerals for the extraction and production of other metals."


    And who owns Anaconda now.

    http://www.delisted.com.au/Company/5439
 
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