EXPLORATION & DEVELOPMENT

MRA targets Mt Ida

MINES & Resources Australia will spend $7.5 million at International Goldfields’ Mt Ida gold project north of Kalgoorlie to earn a 51% stake, allowing International Goldfields to concentrate on its three advanced exploration projects in Western Australia, Romania and Canada.

Rebecca Keenan
MRA targets Mt Ida

MRA, a subsidiary of French mining outfit Cogema, will earn its interest in Mt Ida over five years and must spend a minimum $1 million before it can withdraw from the joint venture agreement. IGL will...

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