Company Overview and News
Stop missing out on important events!
The halt will remain in place until the opening of trade on Thursday 8th December 2016, or earlier if an announcement is made to the market.
Perth-based Potash West is set to gain a substantial shareholding in soon-to-be-listed minerals explorer Davenport Resources; a spin-out of Arunta Resources which has since become a telecommunications company.
GWR Group Ltd (ASX:GWR) has acquired a 100% interest in the Hatches Creek Tungsten Project in the Northern Territory, which was being operated as a JV between GWR and Davenport. Interestingly, the consideration of $500,000 cash plus 1.5% net smelter returns is significantly less than the existing JV terms, whereby GWR was earning a 50% interest by sole funding $1,500,000 in the project. The Hatches Creek project was the subject of a JV Agreement between GWR and Arunta Resources (ASX:AJR).