trending Market Intelligence /marketintelligence/en/news-insights/trending/8ajM62g2nFh6jdHGBLk2uw2 content esgSubNav
In This List

Sandfire secures 75% farm-in option over Enterprise's Doolgunna gold project

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices

Blog

Watch Nickel Market Outlook Complex Demand Supply Fundamentals


Sandfire secures 75% farm-in option over Enterprise's Doolgunna gold project

Enterprise Metals Ltd. has entered into an exploration agreement over its Doolgunna project in Western Australia, which allows Sandfire Resources NL to earn up to a 75% interest in the gold property.

Sandfire is required to spend at least A$1.5 million on exploration within two years, and then sole fund the definition of a JORC 2012-compliant mineral resource estimate of 50,000 tonnes of contained copper or copper equivalent resource.

Following the farm-in, the companies will enter into a joint venture on the 975-square-kilometer project, with Sandfire holding 75% and Enterprise retaining the remaining stake, according to the Oct. 12 statement.

Sandfire will also issue A$300,000 worth of shares to Enterprise as part of the transaction.