ADX 0.00% 0.7¢ adx energy ltd

interesting

  1. 4,830 Posts.
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    Did anyone notice this in the EBR quarterly but wasn't mentioned in the ADX quarterly - looks like a good project that ADX had joint ventured into;

    "The Carr Boyd nickel mine was famous in the 1960’s West Australian nickel boom being hosted by a basal ultramafic layer of the late archean Carr Boyd intrusive
    complex. EBR has acquired two EL’s with some 80km of this basal contact in the Carr Boyd and other satellite intrusives. A magnetics map of the leases is included.
    Significant ultramafic contacts with nickel and copper geochemical anomalism have been identified along with electro magnetic conductors. EBR has entered into a Joint Venture with ADX and a listed American company, Rocky Mountain Minerals Inc. whereby Rocky Mountain Minerals (RMM) will fund the first AU$1M of exploration on the Carr Boyd leases to earn a 51% interest and further, RMM has entered into a nickel exploration joint venture with EBR on a 50:50 basis to acquire and explore new nickel projects. The exploration staff of the exploration joint venture will be paid 50% by RMM via the Carr Boyd joint venture and 25% each by
    RMM and EBR pursuant to the exploration joint venture. An agreement to acquire the Falcon Bridge Nickel Project pursuant to the exploration Joint Venture has been executed and in the process of implementation, at which point details will be made public.
 
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