"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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