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.