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Sula Iron & Gold mulls JV, farm-out for Ferensola gold project development

Sula Iron & Gold Plc plans to look for interested partners for a joint venture or farm-out of the gold assets of the wider Ferensola project in Sierra Leone.

The company said Oct. 18 it will evaluate development options for the project after completing ongoing analysis and structural interpretation work.

Sula Iron is also looking to acquire additional assets, it added.

The Ferensola license is registered under Sula subsidiary Blue Horizon, totals 153 square kilometers and hosts the Ferensola iron ore project and the Ferensola gold project.