Brief: Estrella Resources Signs MoU With Murak Rai For Joint Exploration And Mining Ventures
04/12/2023 01:36
Dec 4 (Reuters) - Estrella Resources Ltd ESR.AX :
* SIGNS MOU WITH MURAK RAI FOR JOINT EXPLORATION AND MINING
VENTURES IN TIMOR-LESTE
* MOU INITIATES PROCESS WHEREBY CO AND MURAK RAI TIMOR WILL
CREATE
A JV
* JV WILL SEE MRT FREE-CARRIED AT 30% UP TO PUBLIC RELEASE
OF A
DEFINITIVE FEASIBILITY STUDY PERTAINING TO MINING CONCESSIONS
* MRT WILL BE A COMMERCIAL ENTITY WITH PRIVATE COMPANY
RIGHTS AND
PUBLIC CAPITAL
Source text for Eikon: ID:nASX5mnZqm
Further company coverage: ESR.AX
((Reuters.Briefs@thomsonreuters.com;))
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