掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Mundoro options two Serbian projects to Vale

  • Friday, October 23, 2020
  • Source:ferro-alloys.com

  • Keywords:Mundoro,Vale
[Fellow]Mundoro options two Serbian projects to Vale

[ferro-alloys.com]Mundoro Capital (TSXV: MUN) has expanded its relationship with Vale by signing a binding memorandum of understanding (MOU) on two of its exploration licenses in Serbia, the copper-gold project generator company announced Thursday.

The two licenses (Savinac and Bacevica) are located in the southern portion of Timok, which is one of the most prolific metallogenic domains in the Tethyan Belt that extends from eastern Europe, through Turkey to Iran and Pakistan.

Timok hosts the recently discovered Cukaru-Peki deposit and several producing mines: the Bor copper porphyry underground mine and the Majdanpek and Veliki Krivelj copper-gold porphyry open-pit mines. These properties, together known as the Bor mine complex, are currently controlled by China’s Zijin Mining Group.

Under the terms of the MOU, Vale can earn a 100% interest in the projects by spending $2 million on exploration over two years. Should Vale extend the option period for an additional year, it will pay $1 million during such extension year.

Mundoro will be the operator of the projects and receive an annual fee of $200,000 during the option period.

Upon exercise of the option, Mundoro will retain a 2% NSR royalty on the projects, of which Vale will have an option to purchase up to 1% of the NSR royalty with payments tied to the gold price at that time. At the current gold price, the value of the 1% NSR is estimated at $9.2 million.

Following exercise of the option, Vale must also make milestone payments to Mundoro totaling $9 million upon completion of four major milestones, beginning with a resource estimate filing and ending with the attainment of a development permit.

In November 2019, Mundoro granted Vale an earn-in option on four exploration licenses within the Timok Magmatic Complex. Under that deal, Vale can acquire a 75% interest in the projects for total exploration expenditures of $45 million.

(Mining.com)


 

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 东港市| 桓仁| 嫩江县| 磐安县| 长春市| 茌平县| 信阳市| 武山县| 东明县| 丰都县| 临夏市| 玉门市| 酒泉市| 合江县| 绥德县| 乌苏市| 和田县| 黄平县| 大理市| 西城区| 额敏县| 许昌市| 桃园县| 忻城县| 仙游县| 锡林浩特市| 仪陇县| 余庆县| 百色市| 东海县| 玉屏| 福泉市| 石棉县| 霍州市| 古浪县| 鄱阳县| 方山县| 海口市| 平谷区| 南安市| 贵德县|