Catalyst Metals Ltd. said June 1 that it will move to form an unincorporated joint venture with Navarre Minerals Ltd. over the Tandarra gold project in Victoria, Australia, after incurring a A$3 million spend within four years.
Upon completion of the project expenditure, Catalyst earned a 51% interest in the project, as stipulated under the option agreement signed in March 2014.
Navarre will undertake a review of Catalyst's expenditure on the Tandarra property, with the confirmation of the obligation's satisfaction within 30 days.
