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Iron ore JV consolidates Japan-Australia partnership

DIVERSIFIED explorer Western Desert Resources has inked a $A15 million joint venture agreement with Japanese resources and trading firm Itochu Minerals and Energy of Australia to develop the Roper Bar iron ore project in Northern Territory.

Charlotte Dudley
Iron ore JV consolidates Japan-Australia partnership

The multi-million dollar funding injection, if fully expended, could see the Itochu take a 51% stake in Roper Bar. Meanwhile, the deal will also see the Japanese group commit a further $2 million into...

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