Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Australian firms in JV for exploratory drilling

Australian firms in JV for exploratory drilling

Renaissance Minerals and Emerald Resources finalised a joint venture agreement and commenced exploratory drilling near the Okvau gold deposit in Mondulkiri province.

The exploration is aimed at probing around the Okvau gold deposit to determine additional resources beyond the current 1.13 million ounce gold resource estimate, a press release stated.

Under the joint venture, Australia’s Emerald Resources stands to earn 51 per cent interest on the deposit while committing $3 million to fund a two-year exploration program.

0

Comments

Please, login or register to post a comment

Latest Video

Phnom Penh eats: Homegrown veggies at Bayon Beoung Snor

​Nestled along National Road 1, Bayon Beoung Snor is a farm-cum-restaurant. The team grows their own vegetables, which they then use to whip up traditional Khmer food.

Bill Clough reflects on The Phnom Penh Post's 25 year history

The Post's publisher Bill Clough, under whose leadership the publication went from a fortnightly to a daily one, discusses his investment in Cambodia, his vision for the paper in an increasingly digital age,