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Fraser Range receives JV interest in Plumridge East

6th March 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior Fraser Range Metals has made shareholders aware of a possible joint venture (JV) over its Plumridge East projects, in Western Australia.

The company noted that it had received nonbinding JV proposals, adding that it was considering “all available options” to progress the project, whether through a JV or outright sale.

“Any offer will be viewed on its merits and whether it provides value for the company’s shareholders. The directors are confident that significant value can be extracted out of its wholly owned tenements,” the company said.

The Plumridge East project covers some 594 km2 and is prospective for gold, base metals, nickel and platinum-group elements.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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