AuTECO signed a pivotal Exploration Agreement with Ontario First Nation

AuTECO Minerals Ltd (ASX: AUT) has signed an exploration agreement with Mishkeegogamang Ojibway First Nation (MOFN) for the Pickle Crow Project in Ontario, Canada. This agreement replaces the earlier 2009 exploration Memorandum of Understanding (“MOU”) and now includes AuTECO tenure in MOFN traditional territories.

The Company  highlighted that if it progresses the Pickle Crow project to commercial production, there will be a scope of future negotiations.

Further the agreement ensures support of exploration and advanced exploration activities at the Pickle Crow Project and outlines a path forward for an Impact Benefit Agreement should the Company decide to pursue commercial development of the mine. Also, in a sign of partnership, the Company welcomes the MOFN as shareholders by issuing 5 million ordinary shares to the community fund.

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