Howdy LayI have found a few and this is one:6 August 2010The...

Howdy Lay

I have found a few and this is one:

6 August 2010

The Manager
Company Announcements Office
ASX Limited


Company Announcement

HAWTHORN RESOURCES SET TO CONFIRM JOINT VENTURE TO
DEVELOP MT BEVAN IRON ORE ASSETS

Hawthorn Resources Limited (ASX: HAW) advises that it has agreed to joint venture its Mt Bevan Iron Ore assets with Legacy Iron Ore Limited (ASX: LCY).

LCY and HAW have signed a Letter of Offer to joint venture the Iron Ore assets at Mt Bevan, which is located approximately 100km west of the Leonora township in the central Yilgarn region of Western Australia.

Subject to their respective due diligence, board and shareholder approval where appropriate, both parties would enter into a joint venture agreement that would include:

·LCY expending $3.5m to develop the Mt Bevan Iron Ore assets to pre feasibility status.

·LCY completing works prior to 31 December 2012.

·LCY will, upon completion, own 60% of the joint venture operation and HAW will retain the remaining 40%. Ongoing exploration works would be funded pro rata beyond 31 December 2012

·Further, LCY will take a placement of fully paid shares in HAW to the value of $1.5m at a share price of $0.006c per share within 14 days of this joint venture agreement being signed.

HAW's Mt Bevan project extends for 25 kilometres northwest along strike of the "Mt Mason Iron Ore Resource" (5.75MT @ 59.9% Fe) of Jupiter Mines Limited in a package of BIF's, sediments and volcanics.

Managing Director Mark Elliott said the HAW Board is delighted with the proposed joint venture with LCY that will hasten the development of its Mount Bevan Iron Ore asset to pre-feasibility.

Hope that helps

Off Topic
Was going to get more but sitting back now and will watch.
Is there more info out there re this MOU/JV?

Thanks