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Article: Exco Resources Limited (ASX:EXS) White Dam Resource Update And Initial Reserve
- Article from:
- abnnewswire.net
- Article date:
- April 29, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Exco Resources Limited (ASX:EXS)(PINK:EXRSF) The White Dam Gold Project is located in South Australia; approximately 80kms west of Broken Hill. Implementation planning for the project is at an advanced stage with approval of a Mining and Rehabilitation Programme (MARP) having been recently received (see previous announcement on 7 April 2009).
The project is subject to a planned joint venture arrangement under which Polymetals Group Pty Ltd (Polymetals) will acquire a 25% interest and manage the implementation and operation of the project.
Exco and Polymetals are currently finalising the joint venture arrangements, and discussions in relation to the financing of the project are currently ...