Gindalbie Metals Ltd (Gindalbie) is pleased to announce that it has today executed a farm-in and joint venture agreement (Farm-in Agreement) with Terrace Mining Pty Ltd (Terrace), a wholly owned subsidiary of Torrens Mining Ltd (Torrens), to earn up to 75% interest in the Mount Gunson Copper-Cobalt Project, located 135 km north of Port Augusta in South Australia (Project).

The proposed farm-in structure represents an opportunity for Gindalbie to gain a low-cost entry to an area, which currently covers 824 square kilometres1 of prospective exploration tenements in one of the world’s premier copper belts. The Project includes substantial existing mineral resources estimates within two main deposits (one reported under the JORC Code 2012 and the other reported under the JORC Code 2004), a number of prospective brownfields exploration opportunities, and an extensive database of past exploration and metallurgical data.

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pdfGindlabie Farmin and JV Agreement