Yerrida North JV
Location And Overview
During 2017 Great Western signed a Farm-In Letter Agreement with Sandfire Resources NL to explore the northern Yerrida tenements currently owned by Great Western.
Sandfire may initially earn 70% by delineating at least 50,000 tonnes in-ground copper Mineral Resource with a minimum exploration spend of $1.7 million over three years and $500,000 of Sandfire shares upon the agreement becoming unconditional.
Exploration is to be carried out by Sandfire, which has one of Australia’s most successful exploration teams having discovered the nearby Degrussa and Monty VMS deposits. Sandfire also has significant infrastructure including a treatment plant at Degrussa, located approximately 25km north, which is within trucking distance of the project.