South32 ups 2021 investments in Alaska
Following COVID hiatus, Aussie major funds UKMP program, Ambler access road; resumes drill program at Shorty Creek North of 60 Mining News – July 30, 2021
Trilogy Metals Inc.
Ambler Metals 2021 program includes resource upgrade of metallurgical drilling at Arctic and the exploration of similar VMS targets near the proposed mine.
When Australia-based South32 Ltd. decided to expand its portfolio into the Northern Hemisphere, Alaska was its first stop. Under a deal struck with Trilogy Metals Inc. in 2017, South32 agreed to invest more than US$175 million to earn a 50% joint venture interest in the massive Upper Kobuk Mineral Projects in Alaska s world-class Ambler Mining District.
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Trilogy Metals Provides Update on Access Road
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VANCOUVER, BC, April 19, 2021 /PRNewswire/ -
Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ( Trilogy or the Company ) is pleased to announce that the Alaska Industrial Development and Export Authority ( AIDEA ) has formally approved the proposed plan and budget for the 2021 summer field season activities and services of up to $13 million for the Ambler Access Project ( AAP ). The cost will be shared 50/50 by AIDEA and Ambler Metals LLC ( Ambler Metals ), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX: S32) (LSE: S32) (JSE: S32) (ADR: SOUHY) ( South32 ).
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