Newcrest Mining inks deal with ABM Resources

Company News

by Anna Napoli

Newcrest Mining (ASX:NCM) has entered into a heads of agreement with ABM Resources to work on a project in the Northern Territory.

The agreement will advance exploration on the Euro project in the Tanami region of the Northern Territory.

Newcrest will fund up to $12 million over 7 years ultimately earning up to a 75 per cent interest in the project.

ABM says Newcrest’s entry into the region supports its belief the area will yield Australia’s next major gold discoveries.

Shares in Newcrest (ASX:NCM) are trading up 0.46 per cent to $21.92
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.