Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed resource group Cape Lambert on Tuesday announced that it had receive its first royalty payment of A$400 000 from Timis Mining Corporation, as part of a funding agreement with the junior. Cape Lambert in October last year entered into a $20-million funding agreement with Timis Mining, under which the Australian company would provide Timis with funding for its November acquisition of the Marampa iron-ore project, in Sierra Leone, from the administrators of London Mining.
ASX-listed resource group Cape Lambert on Tuesday announced that it had receive its first royalty payment of A$400 000 from Timis Mining Corporation, as part of a funding agreement with the junior. Cape Lambert in October last year entered into a $20-million funding agreement with Timis Mining, under which the Australian company would provide Timis with funding for its November acquisition of the Marampa iron-ore project, in Sierra Leone, from the administrators of London Mining.
No comments:
Post a Comment