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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 Project in W.A. 

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 the 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: 0.077 AUD

ASX:MGV
Market: ASX
Market Cap: $31.21 m
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Full interview: Musgrave Minerals hits high-grade gold in Break of Day...

Musgrave Minerals Ltd (ASX:MGV) managing director Robert Waugh updates Proactive on the latest drilling results with high-grade gold intersected at Break of Day while a rock-chip sample from Mainland has returned ultra-high-grade gold. Both prospects are within the company’s flagship Cue...

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