EXPLORATION & DEVELOPMENT

Inco in joint venture with Adelaide Resources

INCO Resources (Australia) has entered into an option to acquire a 60% interest in the Barton nickel project owned by Adelaide Resources by spending A$2.3 million during the next four years, with a minimum of $300,000 to be spent in the first year.

Sarah Belfield Belfield
Inco in joint venture with Adelaide Resources

Once Inco has earned its stake, Adelaide Resources may either contribute to ongoing expenditure or revert to a 20% interest which is free-carried to a decision to mine. Under the new joint venture, which...

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