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Encounter Resources Ltd and Antofagasta plc commits to continue Yeneena earn-in agreement

Sunday, 12 Jan 2014 05:45pm EST 

Encounter Resources Ltd:Says that Antofagasta has advised the company that it will be continuing the Yeneena earn-in agreement into the second year.Says in Apr. 2013, the company completed an earn-in agreement with a wholly owned subsidiary of Antofagasta plc.Says under that agreement, Antofagasta may earn a 51 pct. interest in two tenements within the Yeneena Project by incurring expenditures of $20 mln over a five year period. 

Company Quote

-20.8 -4.02%
27 Nov 2015