November 16, 2009
Giralia Resources NL announce that the company has entered into a Deed of Consent to Priority of Competing Applications with two other competing applicants - Midas Resources Limited and MPF Exploration Pty Ltd - agreeing the order of priority for grant of competing exploration licences (Preferred Applications) in respect of a large prospective area adjoining the operating Nifty copper mine in Western Australia, and that the three parties have agreed to enter a Joint Venture to be known as the “Paterson Joint Venture” for exploration and development following grant of the Preferred Applications. The operator of the Nifty copper mine Aditya Birla Minerals Limited advised ASX on 16 September 2009 that ” … due to what it considers to be an administrative error by the Company’s external consultants, the following eight tenements have expired: E45/2150, E45/2151, E45/2152, E45/2153, E45/2154, E45/2155, E45/2156, and E45/2157”, and further that it “… is considering all options in respect to the expiry of the tenements and is taking legal advice in that regard.” On expiry of the above tenements, Giralia, Midas and MPF lodged simultaneous applications for all or part of the expired tenements.
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