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Full interview: Musgrave Minerals signs $18 million earn-in JV with Evolution to accelerate Cue exploration

Musgrave Minerals Ltd (ASX:MGV) managing director Robert Waugh updates Proactive on the signing of an $18 million earn-in joint venture agreement with Evolution Mining centred on the Lake Area of the Cue Gold Project in Western Australia. 

Evolution can earn 75% in the area by sole funding $18 million in exploration over 5 years with a minimum expenditure of $4 to be completed within 2 years. 

The deal will result in accelerated drilling and discovery exploration activities at Cue project.

As part of the agreement, Evolution has agreed to subscribe for 18.6 million Musgrave shares to raise $1.5 million.

Quick facts: Musgrave Minerals Ltd

Price: 0.085 AUD

Market: ASX
Market Cap: $34.48 m

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Full interview: Musgrave Minerals has RC drill spinning at Break of Day

Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh updates Proactive on reverse circulation (RC) drilling resuming to test the high-grade ‘link-lode’ at Break of Day, on the company’s flagship Cue Gold Project in WA. The MD says the company has had a quick start to 2020 and he...

on 31/1/20

2 min read