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The Australian Mining reported that Monax (ASX:MOX) will move ahead with its Western Gawler Craton project in South Australia after the signing of a Native Title Mining Agreement with the Far West Coast Aboriginal Corporation.
The Australian Mining reported that Monax (ASX:MOX) will move ahead with its Western Gawler Craton project in South Australia after the signing of a Native Title Mining Agreement with the Far West Coast Aboriginal Corporation.
As quoted in the market news,
The agreement will allow commencement of on-ground exploration drilling in the June quarter 2015. as part of a farm-in agreement with Western Areas.
So far exploration has comprised aeromagnetic survey and historical exploration data and core.
Exploration drilling will be funded up to $100,000 by the Plan for Accelerating Exploration (PACE) government initiative.