Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed junior Winmar Resources has taken a bigger slice of the Hamersley iron project, in Western Australia, increasing its interest from 51% to 70%. Winmar’s increased stake in the project formed part of the farm-in agreement with owner Cazaly Resources, which has now diluted its own interest from 49% to 30%. In addition, Cazaly, through its wholly-owned subsidiary Lockett FE has also agreed to transfer its interest of the northern portion of a separate exploration license adjacent to the Hamersley project.
ASX-listed junior Winmar Resources has taken a bigger slice of the Hamersley iron project, in Western Australia, increasing its interest from 51% to 70%. Winmar’s increased stake in the project formed part of the farm-in agreement with owner Cazaly Resources, which has now diluted its own interest from 49% to 30%. In addition, Cazaly, through its wholly-owned subsidiary Lockett FE has also agreed to transfer its interest of the northern portion of a separate exploration license adjacent to the Hamersley project.
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