Mt Monger Resources Completes First Stage of East Laverton Earn-in

THE BOURSE WHISPERER: Mt Monger Resources (ASX: MTM) announced completion of the minimum commitment of exploration expenditure covering part of the company’s East Laverton project in Western Australia.

Mt Monger has advised Tevel Pty Ltd of the completion during the initial 12 month period of the Earn In and Joint Venture agreement between the two companies.

Mt Monger will now continue with the Stage 1 Earn In under the Agreement.

Mt Monger has an Earn In and Joint Venture agreement with Tevel to explore three exploration licences within the East Laverton project, an area it considers prospective for gold and nickel mineralisation and includes ground where exploration has indicated the presence of anomalous light rare earth elements (REE).

“We are very pleased to have met this initial milestone on the Tevel exploration licences at East Laverton,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“Over the past year our team has completed several work programs and has successfully confirmed the exploration potential of the ground, particularly for rare earth elements.

“We look forward to working with Tevel as the company continues its exploration of the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

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