https://www.engineeringnews.co.za

Navaho goes after Argentine coal projects

2nd May 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Navaho Gold has moved to acquire privately held Argentine firm Excarb, which owns the rights over several prospective coal projects in Argentina.

Under the terms of the agreement, Navaho would purchase Excarb through the issue of more than 17.8-million shares, subject to shareholder approval.

The company would also issue a further 140-million shares, over five tranches, on the completion of certain milestones, including the definition of a 60-million-tonne Joint Ore Reserve Committee-compliant resource and coal quality testing to support the resource definition, a positive feasibility study, securing of offtake agreements and the start of production.

Excarb holds the rights to purchase several prospective coal projects, including both thermal and coking coal projects, with the most prominent being the Marayes project, in the San Juan province.

Navaho told shareholders on Friday that the company intended to conduct detailed mapping, sampling, drilling and coal quality testing at the prospective sites, as well as prefeasibility studies over the next two years.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 0.877s - 140pq - 2rq
Subscribe Now