Junior Bastion Minerals has unveiled cost savings initiatives in Chile amid its talks with fellow-listed Hot Chili regarding the acquisition of the Cometa copper project. The two companies in late August signed a binding letter of intent (LoI) giving Hot Chili the option to acquire the Cometa project, which is near Hot Chili’s own Costa Fuego copper/gold project.
PERTH – Junior Bastion Minerals has unveiled cost-saving initiatives in Chile amid its talks with fellow-listed Hot Chili regarding the acquisition of the Cometa copper project.
The two companies in late August signed a binding letter of intent giving Hot Chili the option to acquire the Cometa project, which is near Hot Chili’s own Costa Fuego copper/gold project.in an area located approximately 15 km southeast of Costa Fuego’s planned operating centre and contiguous with Hot Chili’s landholdings in the region.
Hot Chili has 60 days in which to conduct a due diligence on the project and to enter into a definitive option agreement, and has a 30-month period in which to exercise the option. Bastion on Wednesday said that the company would rationalise employment contracts for operating staff in Chile while Hot Chili conducted its due diligence exploration activities, which could result in yearly savings of around A$700 000.
“Following the recent binding LoI to divest our Cometa copper project to Hot Chili for up to $3.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Hot, hot, hot': Historic heat and drought taking toll on state's agricultureDrought conditions in more than a third of Mississippi's counties have taken a toll on plants and livestock.
Weiterlesen »
California, a liberal bastion, may give Donald Trump an unlikely boost in 2024Donald Trump lost heavily Democratic California by over 5 million votes in the 2020 election
Weiterlesen »
California, a liberal bastion, may give Donald Trump an unlikely boost in 2024A rule change that could award the former president all of the state's Republican primary delegates comes in advance of a GOP debate at the Reagan Presidential Library near Los Angeles, which Trump will not attend.
Weiterlesen »
Oktoberfest fun is oompahing at Grand Central MarketDon your dirndl: The Broadway bastion of great eats will have live tunes, games, and more.
Weiterlesen »
Hidden Valley Ranch wants to spice up your meals with Ranch Chili CrunchHidden Valley Ranch and This Little Goat have joined forces to introduce the Ranch Chili Crunch, a versatile new ingredient for home cooks.
Weiterlesen »
Cozy and Quick White Bean Chicken ChiliDon't forget the corn chips for an extra salty crunch.
Weiterlesen »