EXPLORATION & DEVELOPMENT

Newmont exits Lake Mackay

NEWMONT Mining has joined AngloGold in turning its back on a major land position in the much-vaunted Tanami-Arunta region of central Australia, with the big American withdrawing from the 10,000sq.km Lake Mackay joint venture with Tanami Gold.

Michael Quinn
Newmont exits Lake Mackay

The Perth-based junior said that while Newmont had withdrawn because it hadn't identified targets for the discovery of gold deposits of a scale attractive to it, there remained numerous anomalous areas...

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