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Cuesta Coal Ltd Announces Grant Of Snake Creek Joint Venture EPC 2080


Wednesday, 13 Feb 2013 05:21pm EST 

Cuesta Coal Ltd announced the granting of EPC 2080 which is part of the Snake Creek Joint Venture (Snake Creek JV) with QCI (Galilee) Pty Limited a wholly owned subsidiary of Hancock Prospecting. Under the terms of the agreement, QCI is able to earn up to a 51% interest in the two tenements (EPC 2080 and EPCA 2079) through the expenditure of AUD 3 million on exploration at the tenements in two stages. QCI can earn 25% interest through the staged development and expenditure of AUD 1.5 million and a further 26% through the expenditure of a further AUD 1.5 million. 

Company Quote

0.09
0.0010 +1.12%
20 Aug 2014