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09:36
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Originally posted by Wilma85
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As we all know NTL entered into a JV with Newcrest Mining on the Rahu Project. If the JV proceeds NTL will have a 20% interest."The Board of New Talisman Gold Mines Limited (NTL) is delighted to announce that it has executed a binding agreement over the Rahu Project with Newcrest International Pty Ltd a wholly owned subsidiary of Newcrest Mining Limited (ASX:NCM) following the signing of a non-binding Heads of Agreement on 19 May, 2015. Newcrest international Pty Ltd was awarded a five year exploration permit (MEP 60144) for the Rahu Project by the New Zealand Government in May 2016. Since then NTL and Newcrest have been discussing their on-going relationship in light of the original non-binding Heads of Agreement. Key terms of the agreement include: Matthew Hill said “We are delighted to be working with Newcrest on Rahu, a project where New Talisman made the discovery, and which we have always felt was a big company project due to the conceptual modelling that suggests Rahu hosts a major vein system at depth, possibly similar to other gold deposits in the Waihi Gold District such as Talisman, Golden Cross and Martha Hill. The signing of this agreement with Newcrest supports our view of the potential of this key target immediately north of and along strike from the historically highly productive Talisman Mine.”
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You make it sound like going it alone is an option. Newcrest hold the permits for Rahu not NTL
