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Red River acquires remaining 49% interest in Mount Windsor copper project

Red River Resources Ltd. acquired the remaining 49% interest in the Mount Windsor copper project, contiguous with its Liontown-Waterloo, Truncheon and Ermine projects in Queensland, Australia, for A$150,000.

Previously, the zinc miner entered a deal to earn up to a 51% joint venture interest for the Mount Windsor project with Natural Resources Exploration Group in April 2015.

The transaction removed the stipulation under the joint venture deal to spend a further A$750,000 in exploration to earn up to a 90% interest, as well as the grant of a 1.5% net smelter returns royalty on any production from the joint venture tenements.