trending Market Intelligence /marketintelligence/en/news-insights/trending/ydqpogykwuc2f_wvwwjsyw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Aldoro to earn 80% stake in nongold rights at 2 Jindalee projects

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Aldoro to earn 80% stake in nongold rights at 2 Jindalee projects

Jindalee Resources Ltd. signed an agreement enabling unlisted explorer Aldoro Resources Ltd. to earn an 80% interest in the nongold rights of its North Sinclair and Camel Bore projects in Western Australia.

Aside from gold, the two projects are considered prospective for nickel-cobalt mineralization and may also host platinum group metals, according to the May 10 release.

The transaction is subject to Aldoro raising at least A$4.5 million and listing on the ASX by Oct. 2, as well as the usual approvals. The agreement, however, will be terminated if it is not settled by Nov. 7.

Aldoro can secure an 80% interest in the rights by paying A$50,000 in cash, issuing 900,000 shares at 20 cents apiece, and spending at least A$500,000 on exploration within two years.

In addition, a milestone payment will come due upon the definition of nongold resources, comprising the greater of either 1,250,000 shares or A$500,000 worth of shares.

Jindalee's 20% interest in the rights will be free carried to a decision to mine, after which the company can contribute on a pro rata basis or dilute its stake. If its interest decreases to less than 5%, the interest will revert to a 2% gross royalty.

According to Jindalee, the deal is part of an ongoing program to divest noncore projects and follows the sale of its Millrose project in March to Alloy Resources Ltd.