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ERO Mining charts new path

ERO Mining charts new path

ERO Mining (ASX:ERO) is on the path to chart a new course as it will explore for new minerals exploration and development opportunities through value accretive acquisitions.

As a significant proportion of the current ERP assets is not viable for on-ground exploration due to permitting and approval delays, the company plans to increase shareholder value via acquisitions.

Its last quarter activity included grant of deed of access by the Defense Department for the Billa Kalina iron oxide copper gold uranium project; negotiations with potential partners over Padthaway mineral sands projects  and efforts to advance the lithium exploration at Wertaloona.

It had about $0.758 million in cash at the end of last quarter.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tychean Resources Timeline

Newswire
March 14 2013

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