The joint venture was established to explore for, develop and mine non-potash minerals on the project tenements. The Lake Wells Gold Project is in the Yamarna region of Western Australia
Australian Potash Ltd (ASX:APC) has welcomed St Barbara Ltd (ASX:SBM) completing its expenditure requirements to gain a 70% interest in the Lake Wells Gold Project in Western Australia.
The gold producer has passed the $5 million expenditure commitment of the earn-in and joint venture agreement relating to non-potash materials on APC s Lake Wells SOP Project.
APC and SBM have now formed an unincorporated joint venture to continue the exploration, development and future potential mining of non-potash resources on the project.
Australian Potash secures $140 million NAIF loan for Lake Wells development
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Australian Potash Ltd shares higher after securing first major financing of Lake Wells Sulphate of Potash project with $140 million loan from NAIF
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Australian Potash Ltd halted with project development funding news pending
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Australian Potash welcomes organic tick of approval for its K-Brite products in Europe
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