外媒：Entree Gold将其铁矿项目以2500万澳元出售于Bonython Metals

概述：加拿大矿产公司Entree Gold，其大股东包括力拓和Ivanhoe，通过旗下子公司PacMag Metals和Giralia Resources的合资企业将其Blue Rose铁矿石项目100%的开采权以2500万澳元出售与一家私有澳大利亚资源公司Bonython Metals Group (BMG)。

Entrée Gold’s Blue Rose Joint Venture Sells Iron Ore Rights To Bonython Metals In AUD$25m Deal

Entrée Gold (TSX:ETG; NYSE AMEX:EGI; FSE:EKA), through a joint venture between its subsidiary PacMag Metals and Giralia Resources (ASX:GIR), has agreed to sell 100% of its iron ore rights on the Blue Rose exploration property to Bonython Metals Group (BMG), a private Australian resource company.

In consideration for the rights, the joint venture partners will receive 6% of BMG’s future issued capital.

Should BMG convert to a public company by September 25, 2012, it will exchange the joint venture’s shares in the private company for 6% of the IPO on the day of listing and if it does not convert by that date, BMG will, through a share buy-back, acquire the joint venture’s shares for AUD$25 million.

BMG has already secured financing from an Asia-based investment group for its iron ore strategy, which will see the company consolidate existing tenements that cover a large area of Braemar Iron Formation horizons, as well as areas of near surface strong magnetic anamolies, where interpreted Braemar Iron Formation may be covered by soils and sand, it said.

The private company then intends to develop these new iron ore deposits into the largest magnetite project in Australia, with a potential to exceed 10 billion tonnes of high-grade iron ore.

BMG’s acquisition plan has been in the works for some time. As part of its strategy, the company entered into an iron ore agreement with Carpentaria Exploration (ASX:CAP) in early 2010, a business that has a large ground holding located approximately 60 km east of Blue Rose.

BMG can earn up to an 80% stake by investing AUD$53 million in cash payments to Carpentaria and spending AUD$28 million in exploration and feasibility costs in three separate stages.

The Blue Rose joint venture covers the exploration license EL 3848 in the Olary Region of South Australia, 300 km northeast of Adelaide. Magnetite iron formations are present in the southern portion of this 1000 square kilometre tenement.

In addition, the property also holds a copper oxide resource in the north-central area. Australian investment group WASCO Mining plans to begin mining operations in the area, with PacMag and Giralia retaining a royalty interest.

The PacMag - Giralia joint venture still retains the rights to mineralization other than iron ore on the exploration license, outside of the 12 square kilometre WASCO agreement area.

Canada-based Entrée, whose major shareholders include Rio Tinto and Ivanhoe Mines, has three other gold and copper joint ventures in Australia, attained as part of the acquisition of PacMag, which include the Mystique JV, the Corktree JV and the Northling JV, all located in Western Australia.

The Company’s flagship Lookout Hill property in Mongolia completely surrounds the 8,500-hectare Oyu Tolgoi project of Ivanhoe Mines.

Entrée has approximately $30m of cash in the bank and is thus well-funded for future opportunities. It was up 3% as of 3:30pm ET on Thursday, trading at $2.4 on the New York Amex Exchange.

（来源：Proactive Investors）