MGU 4.92% 6.4¢ magnum mining and exploration limited

News: Magnum Mining and Exploration farms out stake in Namibia tantalite project

  1. Magnum Mining and Exploration (ASX:MGU) has completed its sell-down of a 60% interest in the Tantalite Valley Project in Namibia to African Tantalum.

    It received 8 million South African rand (A$905,535) for the stake.

    African Tantalum will operate and fund the Tantalite Valley Project in consideration for 100% of any revenues in the 30 months from completion.

     

 
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