Mr Cottee said he was working on another joint venture deal that would cover a portion of Central's remaining 100 per cent-owned acreage.
"If that comes together, the company is going to be in an incredibly strong position to commercialise a lot of its acreage," Mr Cottee told The Australian.
He said the second deal would mean around 30 per cent of Central's entire acreage holdings would be under joint venture.
Central shares rose 3c to 16.5c.
second jv , page-3
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