McCabe Joint Venture
The McCabe Joint Venture was signed in October 2006, providing for Xstrata Copper to earn an interest in the McCabe Deposit and the surrounding exploration permit (EPM). The structure of the Joint Venture Agreement (JV) is as follows:
- Xstrata Copper has the right to earn a 55% JV interest by spending not less than A$5m within a three year period.
- Xstrata Copper then has the right to earn a further 20% JV interest during a sole funding period, by spending a further A$10m within a further five year period or by completing a feasibility study during the sole funding
period. - Matrix maintains 100% ownership of the tenements to a depth of 100 metres until a decision to mine is made at which time the JV has the right to buy that part of the tenements at fair market value.
-
Investor Presentation - Dec 7th 2007 (click here)
-
Mining 2006 Brisbane - Presentation
- Oct 2nd 2006 (click here)
MATRIX METALS LIMITED
Liquidators
Ernst and Young
11 Mounts Bay Road
PERTH WA 6000
Phone: +61 8 9429 2222
Fax: +61 8 9429 2436
Receivers and Managers
Deloitte Touche Tohmatsu
240 St Georges Terrace
PERTH WA 6000
Phone: +61 8 9365 7000
Fax: +61 8 9365 7001
Liquidators
Ernst and Young
11 Mounts Bay Road
PERTH WA 6000
Phone: +61 8 9429 2222
Fax: +61 8 9429 2436
Receivers and Managers
Deloitte Touche Tohmatsu
240 St Georges Terrace
PERTH WA 6000
Phone: +61 8 9365 7000
Fax: +61 8 9365 7001
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