IGO (ASX:IGO) enters $15m earn-in agreement in Paterson Province

Company News

by Rachael Jones

IGO (ASX:IGO) has elected to enter an earn-in and joint venture agreement to sole fund up to $15 million in exploration expenditure at the Yeneena copper-cobalt project in the Paterson Province in WA.

They will earn a 70 per cent interest in Yeneena.

Exploration activity in the Paterson Province continues to accelerate following the Winu coppergold discovery made by Rio Tinto (ASX:RIO) and the Havieron gold-copper project operated by Newcrest Mining (ASX:NCM) and Greatland Gold plc.

Shares in IGO (ASX:IGO) are trading 1.13 per cent lower at $5.26.