Brief: Admiralty Resources Announces Mariposa Project Update
Nov 8 (Reuters) - Admiralty Resources NL ADY.AX :
* MARIPOSA PROJECT UPDATE-ADY.AX
* REACHED AN INDICATIVE JOINT VENTURE STRUCTURE WITH HAINAN
PURSUANT TO TERM SHEET
* PROGRESSING TO SETTLING A FINAL JV AGREEMENT BETWEEN CO &
HAINAN
XINLEI MINING MANAGEMENT
* JV CO TO BE INCORPORATED TO OPERATE MARIPOSA TO BE OWNED
BY CO &
HAINAN IN EQUAL PROPORTION
Source text for Eikon: ID:nASXbkqqrr
Further company coverage: ADY.AX
((Reuters.Briefs@thomsonreuters.com;))
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