Date: Aug 21, 2018
Monax Mining has entered a farm-in and joint venture (JV) agreement with Mithril Resources to earn up to 80 per cent of Mithril’s Limestone Well tenements in Western Australia.
The Limestone Well vanadium tenements lie north along strike from the Neometals-owned Barrambie titanium-vanadium deposit, approximately 90km southeast of Meekatharra.
The high-profile Barrambie project has JORC 2012 inferred and indicated resources of 280.1Mt at 9.18 per cent titanium and 0.44 per cent vanadium.
Monax has to spend $2.5 million on exploration over five years in order to secure 80 per cent of Mithril’s two tenements at Limestone Well (20/846 and 51/1069).
