EXPLORATION & DEVELOPMENT

Gold Road attracts Sumitomo

GOLD Road Resources has signed a joint venture deal with Sumitomo Metal Mining that will see the Japanese company invest up to $A8 million to earn a 50% stake in the explorer’s South Yamarna tenements.

Kristie Batten
Gold Road attracts Sumitomo

Sumitomo must spend the money by the end of 2016, though a minimum $3.5 million is required to be spent by the end of next year. The company must spend $5 million to earn a 30% interest in the tenements,...

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