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Central Asia Resources Ltd Announces Termination Of Joint Venture With Manas Resources Ltd


Wednesday, 23 Jan 2013 07:06pm EST 

Central Asia Resources Ltd announced that it has, under mutual agreement with Manas Resources Ltd, terminated its joint venture agreement in relation to Central Asia’s Altyntas Gold Project. Under the agreement, announced in October 2012, Manas had the right to earn up to 70% in the Project by expending AUD 2.0 million on exploration and mine development. By mutual agreement, the parties have terminated the joint venture arrangement and CVR will in due course reimburse Manas the expenditure incurred by it to date on the Altyntas Gold Project. 

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