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PVW Resources to earn up to 90% stake in gold, rare earth tenements from Orion

Orion Metals Ltd. will allow PVW Resources NL to earn up to a 90% interest in seven gold and rare earth elements exploration tenements in the Tanami West project area in Western Australia.

The companies have formed a joint venture to carry out exploration within the tenements, according to a Feb. 23 release.

PVW can acquire the joint venture stake by sole funding exploration during the earn-in period. It will manage all day-to-day activities of the joint venture.

The management of the joint venture will handled by a committee comprising members from both companies.