Magma Farms Out Its Laverton Nickel Project

- September 28th, 2011

Magma Metals Limited (TSE:MMW,ASX:MMW) announced it entered into a Heads of Agreement for a farm-in joint venture with Poseidon Nickel Limited (ASX:POS).

Magma Metals Limited (TSX:MMW,ASX:MMW) announced it entered into a Heads of Agreement for a farm-in joint venture with Poseidon Nickel Limited (ASX:POS).

The press release is quoted as saying,

Poseidon can earn an initial 60% interest in Magma’s Laverton nickel project in Western Australia.

Poseidon is re-developing the nearby historical Windarra nickel mine, and exploring the newly discovered Cerberus and historical South Windarra nickel deposits, which are both adjacent to Magma’s tenement boundaries.

For the complete press release, click here.  

 

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