PDN 0.07% $13.99 paladin energy ltd

summit are fishing, page-8

  1. 11,632 Posts.
    "Prominent Hill in South Australia"
    Westie I think hot rod has OXR on his mind...lol..

    Prominent Hill in August 2003 when the
    company agreed to staged exploration and
    evaluation of the project with Minotaur
    Resources. At that time, Oxiana negotiated
    the option of earning a possible 65% of
    the Prominent Hill Joint Venture with an
    expenditure of up to $35 million. Following
    the merger with Minotaur Resources
    in February 2005, Oxiana became the
    100% owner of Prominent Hill, with
    non-Prominent Hill assets spun off into a
    new company, Minotaur Exploration Ltd
    (MEP). Oxiana retains an 8% interest in
    MEP and a right to earn up to 75% interest
    in all their discoveries.

    mx..
 
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