Black Canyon Limited (ASX: BCA) announced that it had earnt a 75% stake in the Carawine Joint Venture, including approximately 793 km sq. situated in the Eastern Pilbara of WA. The company had signed a binding agreement with Carawine Resources Limited on 23 December 2020 that provided the exclusive right to farm-in into CWX’s Carawine Project to the company.
Under the Agreement, Black Canyon managed the Carawine JV and was required to spend AU$4 million within five years to earn 75% interest. The BCA and CWX will formalize the work program and budget for the Joint venture for 2023.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
