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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.

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Price: 0.088 AUD

ASX:MGV
Market: ASX
Market Cap: $35.67 m
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Musgrave Minerals intersects broad high-grade gold at Break of Day within...

Musgrave Minerals Ltd (ASX:MGV) managing director Rob Waugh updates Proactive on further broad high-grade gold results from RC drilling at the Break of Day deposit of the flagship Cue Gold Project in WA. The managing director said the high-grade gold had been intersected in a ‘link’ position...

1 week, 2 days ago

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