The joint venture will cover the whole of La Zarza sulfide deposit in the Huelva province of southern Spain.
Antofagasta has the right to earn a 51% interest in La Zarza over a three year period by spending $7 million on these expanded exploration programmes and subsequent evaluation activities, and with a minimum commitment of $1 million in the first year.
Deal Type Partnership Sub-Category Joint Venture Deal Status Announced: 2009-10-27
Deal Participants
Partner 1 (Company) Ormonde Mining plc Partner 2 (Company) Antofagasta Minerals S.A.

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