PHILIPPINES - Mindoro and TVI sign JV for Agata

Mindoro Resources has joined forces with TVI Pacific in a partnership which will progress two of its most promising projects on Mindanao Island. The joint venture (JV) will fund the Agata nickel laterite project in Surigao district to direct shipping ore (DSO) production, as well as completing a definitive feasibility study (DFS) for a nickel processing plant, with the payment of almost Can$1 million as a bridging loan advanced to Mindoro. Agata has an NI 43-101 mineral resource of 42.76 million tonnes @ 1.01% nickel.  1

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PHILIPPINES - OceanaGold signs Didipio offtake deal

Geneva-based commodity trader Trafigura has signed a contract to buy all the copper and gold concentrate output from OceanaGold’s $350 million Didipio mine in the Philippines. The deal is for a minimum of five years from start of production, which is scheduled by the end of this year.

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PHILIPPINES - Philippine Metals completes survey at Leyte projects

A geochemical survey of stream sediment collected from Philippine Metals’ Taurus and Suhi concessions on Leyte Island has identified seven new target areas. The survey area took in about 85% of the licence area within the Malitao and Dilong projects, with 226 samples collected.

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