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Global Energy Metals Signs Earn-In and JV Agreement with Metal Bank Limited to Advance Its Millennium Cobalt-Copper-Gold Project In Queensland, Australia
(TheNewswire) Vancouver, BC - TheNewswire - December 13, 2021 - G...
About this update from Global Energy Metals Corp
[{"type":"text","content":"Global Energy Metals Signs Earn-In and JV Agreement with Metal Bank Limited to Advance Its Millennium Cobalt-Copper-Gold Project In Queensland, Australia\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Vancouver, BC - TheNewswire - December 13, 2021 -\n \n \n \n \n Global\nEnergy Metals Corporation\n \n \n \n \n \n (\n \n \n \n \n \n TSXV:GEMC\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n OTC:GBLEF\n \n \n \n \n \n )\n \n \n \n \n |\n \n \n \n \n (\n \n \n \n \n \n FSE:5GE1\n \n \n \n \n \n )\n \n \n \n \n (“Global Energy Metals”, the “Company” and/or\n“GEMC\n \n \n \n \n ”),\n \n \n \n \n a company involved\nin investment exposure to the battery metals supply chain, is pleased\nto announce that it has entered into a formal earn-in and joint\nventure agreement (“JV Agreement”) with MBK Millennium Pty Ltd.\n(“MBKM”), a wholly owned subsidiary of\n \n \n \n \n \n Metal Bank Limited\n \n \n \n \n \n (“Metal Bank” and/or “MBK”) in favour\nof MBKM to earn-in up to an 80% interest in the Millennium Copper,\nCobalt and Gold Project in Mount Isa, Queensland (“Millennium\nProject”) owned by GEMC’s wholly owned subsidiary, Element\nMinerals Australia Pty Ltd (“EMA”).\n \n \n \n \n \n \n The\n \n \n \n \n \n Millennium\nProject\n \n \n \n \n \n is an advanced\nexploration and development project located in the Mount Isa region,\n19km from the Rocklands copper-cobalt project which is host to 55.4Mt\nof Resources grading 0.64%Cu, 0.15 g/t Au, 290ppm Co (0.90%\nCuEq)\n \n \n \n \n 1\n \n \n \n \n . The Millennium\nProject holds an inferred 2012 JORC resource of 5.89Mt @ 1.08%\nCuEq\n \n \n \n \n 2\n \n \n \n \n across 5 granted\nMining Leases with significant potential for expansion.\n \n \n \n \n \n \n 1\n \n \n \n \n CDU:ASX Announcement\ndated 31 October 2017\n \n \n \n \n \n \n 2\n \n \n \n \n HMX ASX Announcement dated\n6 December 2016 “Millennium Mineral Resource Estimate”. Copper\nequivalent (CuEq) calculation was based solely on commodity prices\nusing prices as follows: Cu: US$4,600/t; Co: US$27,000/t; Au:\nUS$1,330/oz; and Ag: US$20/oz\n \n \n \n \n \n The Stage 1 earn-in phase has commenced. During this\nstage, MBK will sole fund exploration expenditures of $1...