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BHPB to push ahead with Mithril joint venture

MITHRIL Resources has said BHP Billiton will exercise its option to take part in a joint venture at Barrow Creek in the Northern Territory, allowing the major to earn a 59.25% stake in the project by paying A$5 million, while Mithril will be the operator and retain 15.75% equity.

Sarah Belfield Belfield

If all parties settle on a joint venture agreement it would transfer the existing $5 million expenditure requirement from Mithril, which entered into a heads of agreement last year with Darwin-based company...

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