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Musgrave Minerals gains new substantial shareholder

Musgrave recently started aircore drilling at the Lake Austin JV within the company’s flagship Cue Gold Project.

Musgrave Minerals Ltd - Musgrave Minerals gains new substantial shareholder
The drilling is part of an $18 million earn-in joint venture with Evolution Mining

Musgrave Minerals Ltd (ASX:MGV) has attracted a new substantial shareholder in Westminex Group with a 5.07% stake

This status was reached on February 6, 2020.

Lake Austin JV drilling

Musgrave recently started aircore drilling at the Lake Austin JV within the company’s flagship Cue Gold Project in Western Australia’s Murchison district.

The drilling is part of an $18 million earn-in joint venture with Evolution Mining Ltd (ASX:EVN) to accelerate exploration over the Lake Austin portion of Cue project.

This new, regional aircore drilling program will test four large target areas and consist of over 20,000 metres and 200 drill holes. 

Quick facts: Musgrave Minerals Ltd

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ASX:MGV
Market: ASX
Market Cap: $38.94 m
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