STRICKLAND METALS LIMITED - Doray completes sole funding stage of Joint Venture
SUMMARY
ABN 20 109 361 195
21 December 2015
info@alloyres.com
www.alloyres.com
Executive Chairman:
Andy Viner
Non-Exec Director
Andre Marschke
Non-Exec Director/Co Sec:
Kevin Hart
Unlisted Options:
33,142,821
Alloy Resources Limited (ASX:AYR, Alloy or the Company) wishes to confirm that Farmin Partner Doray Minerals Limited (ASX:DRM, Doray) has completed the $2 million sole funding stage to earn a 60% interest in the Horse Well Project.
A Joint Venture has now been formed and Alloy expects to formally elect to contribute to exploration expenditure following a review of a programme and budget which is expected to be completed in the coming weeks.
Alloy and Doray have begun the process whereby the terms set out in the Heads of Agreement will be incorporated into a formal Joint Venture Agreement between the parties.
Executive Chairman Phone: +61 8 9316 9100
www.alloyres.com
Alloy Resources Limited issued this content on 2015-12-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 11:58:03 UTC
Original Document: http://www.alloyres.com.au/documents/AYR-HorseWellProjectJointVenture.pdf
