Nickelore reported to have signed a formal option agreement to acquire up to a 51% interest in a gold and copper project in Papua Province, Indonesia. The progressive issue of up to 80 million shares over a four year period.
Nickelore Limited has entered into a heads of agreement to acquire up to a 51% interest in a Gold and Copper Project in Papua Province, Indonesia. The Papua Gold & Copper Project, which covers an area of approximately 91 square kilometres and is located in the Central Papua Province of Indonesia, comprises two general survey mining licences. The Papua Gold & Copper Project area is approximately 45 km along strike from the Freeport Grasberg operations and the world class Wabu deposit.
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