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Chalice pulls out of Red Hill Pilbara JV, drilling continues at Kinebik

Dual-listed (ASX and TSX) Chalice Gold Mines announced yesterday that it will pull out of a joint venture agreement with Pilbara explorer Red Hill Iron, having deemed the company’s results inadequate.

3 Small Gold Explorers Worth Less Than Their Liquidation Value

2017-01-18 seekingalpha
The 3 companies in this article are worth less than their liquidation value, with assets ranging from cash to shares to JV and exploration properties.

Chalice Gold Mines Ltd ready to farm into West Pilbara Gold Project

Chalice Gold Mines Ltd (ASX:CHN, TSE:CXN) has entered into an agreement to farm-in to all minerals other than iron ore within Red Hill Iron Ltd’s (ASX:RHI) West Pilbara Gold Project. Chalice may spend $1 million within two years to earn a 51% interest, at which point Red Hill has a one-off opportunity to contribute to its 49% pro rata interest. If Red Hill elects not to contribute, Chalice may then spend another $2 million to earn a further 19% within no set time period, or withdraw and retain no interest.

Half Year Financial Statements


Change in substantial holding