Joint Venture Operating Agreement for Indee Signed

Monday, 07 December 2009 09:14

RNG-NWAM_JVOA_Announcement_2_Dec_09.pdf

Range River Gold Limited and Northwest Nonferrous Australia Mining Pty Ltd (NWAM) sign joint venture operating agreement for Indee Project.

Signing of this agreement finalises the farm-in agreement announced on the 23 November 2009.

North West International Investment Company Limited (NWII) has the right under the farm-in agreement to earn 49% of the Indee Project by spending $6 million on exploration and development activities over 4 years.

FIRB approval has been granted for this transaction.

NWAM is a subsidiary of NWII which is a wholly owned subsidiary of the North West Mining and Geological Exploration Group Co., Limited (NWME), based in Xi’an, China.