Carpentaria Exploration Limited announced an agreement with privately owned The Chairmen 1 Pty Ltd over its Hughenden Coal Project in Queensland’s Galilee Basin, Australia. Under the agreement, The Chairmen 1 has acquired an 80 per cent stake after Carpentaria has received an upfront payment of A$300,000. Also, The Chairmen 1 will manage and fund exploration through to definition of an Inferred Resource, for a maximum expenditure of up to $2 million.
Carpentaria Exploration announced that a Term Sheet has been signed with a privately owned company ResCo Projects Pty for the sale of Carpentaria’s Hughenden Coal Project situated towards the northern margin of the Galilee Basin, Australia.
Research - Professional or Research - Advanced Subscriber Access Required
