Neale Edwards was appointed on the board in late May without anyone leaving so it would be classed as an expansion which you would think directly links with the partnership with Northern Star and the development of the CTP - it may seem quiet but things must be moving behind the scenes in regards the Groundrush operation:
Highlights
- Tanami Gold NL (ASX: TAM) (“Tanami Gold”) and Northern Star Resources Limited (ASX:
NST) (Northern Star) have agreed to form a new Joint Venture with the express purpose of
commencing mining of the Groundrush deposit as soon as practicable commensurate with good
mining practice.
- Under the agreement, Northern Star will purchase a further 10% interest in the Central Tanami
Project for $15m cash, increasing its stake to 50%
- A new management company comprising two representatives each from Tanami and Northern
Star will manage the project
http://clients3.weblink.com.au/pdf/TAM/02372923.pdf
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