World Aluminium Market
Bauxite Resources be granted a further thirteen exploration licences
Edited by : AL CIRCLE
1 min read
Bauxite Resources Ltd (ASX: BAU) ("BRL" or "the Company”) is pleased to announce that it has been granted a further thirteen (13) exploration licences. The new exploration licences are all in the Darling Range and will form part of the Company’s suite of tenements that are the cornerstone of the Joint Venture Agreements entered into with Yankuang Group Corporation.
The Joint Venture Agreements recently signed with Yankuang reflect the long term strategy of the Company to commercialise its extensive tenement holdings in the Darling Range and the granting of these tenements is an important progression in those plans.
The Company now has a total of 28 granted Exploration Licences in the Darling Range with a further 76 pending/under application. Attached is a map showing Darling Range tenements granted to date with the recently granted tenements and the tenements still under application highlighted separately.
The Joint Venture Agreements recently signed with Yankuang reflect the long term strategy of the Company to commercialise its extensive tenement holdings in the Darling Range and the granting of these tenements is an important progression in those plans.
The Company now has a total of 28 granted Exploration Licences in the Darling Range with a further 76 pending/under application. Attached is a map showing Darling Range tenements granted to date with the recently granted tenements and the tenements still under application highlighted separately.
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