Kagara to purchase Maitland copper deposit
by Jo Black
Perth based diversified S&P ASX 200 Australian mining company; Kagara Ltd. has plans to purchase the Queensland based Maitland copper deposit and associated tenements from Glengarry Resources Limited.
Kagara says that subject to the approval of Glengarry shareholders, for this acquisition, it will pay $6.5 million and an A$5 per tonne royalty on ore processed in excess of one million tonnes.
The Maitland deposit, which is located 60 kilometres to the south-west of Kagara’s Balcooma mining operations, has a current indicated and inferred resource of 1.5 million tonnes grading 1.5% copper including a high grade molybdenum resource of 115,000 tonnes at 0.17% molybdenum and is open at depth.
Kagara will develop a satellite operation at Maitland and truck ore to the Thalanga mill, which is located to the west of Charters Towers, for processing.
Maitland Copper Deposit is a deposit in Queensland, Australia. It mainly contains copper. It is just one of 22 000 entities to be found in Raw Materials Data, the mining industry’s most extensive database.
Related posts to: Kagara to purchase Maitland copper deposit
Q-Gold closes first tranche of financing ...
Dundee Mines raises $1.95 million ...
Poseidon Nickel reports on new deposit at Windarra ...
Castle increases private placement units ...
Delta acquires mineral rights to Homestead target ...
Latest Metals News:Gold ends session lower in New York, but gains on week
Gold prices retreat after setting new intraday high
Gold closes at $1,666 per ounce in New York trade
Gold prices at new records on disappointing US data
Gold prices lower but comes off session lows on manufacturing data
Gold sets new intraday, closing highs to end trading week in New York
Copper rises; precious metals prices see declines
Gold prices drop on profit-taking, stronger US dollar
$1,616.80 per troy ounce: Another record high for gold
Gold trades as high as $1,624.30 per ounce in New York
Previous: « Vale eyes major takeover target
Next: Alexis drilling approaches deep target »
Visited 3730 times, 1 so far today