China’s Sinoz Invests in Laconia’s WA Iron-Ore Project

Aug. 08, 2011 04:52AM PST

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.

For the complete market news, click here.

iron investing joint venture