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China’s Sinoz Invests in Laconia’s WA Iron-Ore Project
Aug. 08, 2011 04:52AM PST
Base Metals Investing Mining Weekly reports Laconia Resources (ASX:LCR) has entered into a $7.5-million joint venture with Chinese syndicate Sinoz Mining Investment Group. The market news is quoted as saying, An initial $1-million would be used as the stage-one investment to fund an exploration programme at the Mooletar project, while a further $1.5-million investment would give Sinoz a 50% interest […]
Mining Weekly reports Laconia Resources (ASX:LCR) has entered into a $7.5-million joint venture with Chinese syndicate Sinoz Mining Investment Group.
The market news is quoted as saying,
An initial $1-million would be used as the stage-one investment to fund an exploration programme at the Mooletar project, while a further $1.5-million investment would give Sinoz a 50% interest in the JV.