Common Contracts
1 similar Farm-in and Joint Venture Agreement contracts
ContractFarm-in and Joint Venture Agreement • December 22nd, 2020
OAKOVER MANGANESE PROJECT FARM-IN AND JOINT VENTURE AGREEMENT KEY POINTS• Exclusive right granted to Black Canyon Pty Ltd (“Black Canyon”) to farm-in to Carawine’s Oakover Project• Subject to Black Canyon receiving conditional approval to list on the ASX, Black Canyon will have the right to earn up to a 75% interest in the Oakover Project by spending a total of$4 million in two stages:o Stage 1: 51% interest after $1.5 million exploration spend within two yearso Stage 2: additional 24% interest after a further $2.5 million exploration spend within the following three years• Black Canyon must spend a minimum of $750,000 and complete 2,000m of drilling within the first 12 months of Stage 1• Agreement provides Black Canyon with a large tenement package in a world-class manganese district• Agreement allows Carawine to focus on gold and copper exploration at its Jamieson and Tropicana North Projects, and nickel exploration at its Fraser Range Project, whilst also retaining exposure to the b
