Wallbridge to Receive $3.1 Million from Lonmin

Wallbridge Mining Company Ltd. (TSX:WM) announced that Lonmin plc (LSE:LMI) has committed to giving Wallbridge $3.1 million to explore for platinum-group elements, copper, nickel and gold at the Sudbury Camp and North Range joint ventures, both located in Ontario.

As quoted in the press release:

Exploration will include drilling and geophysics and will follow Lonmin’s 2014 fiscal year from October, 2013, through September, 2014.

Marz Kord, president and CEO of Wallbridge, commented:

Lonmin, as the third largest primary platinum producer in the world, is one of Wallbridge’s largest shareholders and is a supportive partner of Wallbridge in exploring for PGEs in Sudbury. They continue to invest in the quality of our projects and our team expertise and together we look forward to finding the next significant ore deposit in Sudbury.

Click here to read the full Wallbridge Mining Company Ltd. (TSX:WM) press release.