Meteoric Resources NLASX: MEI

MEI: Webb Diamond Joint Venture

Feb 10, 2016 at 8:19 PM EST · Issued by Meteoric Resources NL

Filed with ASX · Feb 10, 2016 at 8:19 PM EST · 1 page · English

Summary by 6ix AI

Meteoric Resources NL has announced that GeoCrystal Limited will solely fund the second earn-in phase of the Webb Diamond Joint Venture, as confirmed in writing by GeoCrystal. This phase requires GeoCrystal to invest a specified amount in exploration to increase their stake in the joint venture, reducing Meteoric's interest thereafter. The upcoming exploration will include a detailed aeromagnetic survey and extensive drilling of prioritized targets.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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