Mincor Resources and JOGMEC finalise exploration joint venture

Mincor Resources and JOGMEC have agreed to an exploration joint venture for the Bonaparte Zinc Project in Western Australia.

Mincor Resources finalised an exploration joint venture with the state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) yesterday, covering the Bonaparte Zinc Project in Western Australia.

The agreement builds on an existing $4.5 million join venture with JOGMEC covering the large-scale Georgina Basin Zinc Project in the Northern Territory.

Under the terms of the agreement, JOGMEC will provide up to $2 million in exploration expenditure.

The Bonaparte Project is located 30km north of Kununurra.

According to Mincor, the area has prospective large-scale, carbonate-hosted zinc, lead and silver deposits as well as sedimentary-hosted copper deposits.

“We are excited about the potential of our Bonaparte Project and we look forward to advancing it in partnership with JOGMEC,” Mincor managing director David Moore said.

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