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Article: Bondi Mining Ltd (ASX: BOM) Signs Agreement with WCP Resources for Phosphate Exploration within its Murphy Project, Northern Territory
- Article from:
- abnnewswire.net
- Article date:
- August 11, 2008
- Author:
CopyrightCopyright 2008 ABN Newswire. (Hide copyright information)
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Bondi Mining Ltd (ASX:BOM) is pleased to announce that it has entered into an agreement through its wholly owned subsidiary Murphy Uranium Pty Ltd, with WCP Resources Ltd (ASX Code: WCP). WCP can earn a 70% interest in all phosphorous minerals of the Northern Territory Murphy Project with the exception of any phosphorous minerals directly associated with a uranium deposit.
Highlights:
- WCP can earn a 70% interest in all phosphorous minerals except those directly associated with a uranium deposit through the expenditure of A$1.5 million.
- Over 2,650 square kilometres of the ground in the Murphy project area is prospective for phosphate, based on recently published government data.
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