27 November 2024
27 November 2024
The company has refuted the charges, although the specifics of the accusations have not been disclosed.
Mining Associates will oversee the drilling programme and advise on locations and strategies.
The sale forms part of Newmont's efforts to divest non-core assets, which have now surpassed its initial $2bn target.
The approval marks a significant step for the company as it aims to explore two gravity anomalies near its KX36 discovery.
The terms include advanced royalty payments in four instalments, starting with $2.5m (C$3.51m) upon signing the exploitation contract in 2025.
ElectraLith’s DLE-R technology is expected to accelerate the lithium production process.
The equity raise supports the company’s strategy to focus on exploration at Queensland's Cloncurry Copper and Mt Oxide projects.
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