- Published: Monday, 16 July 2012 08:34
- Written by ASIA Miner News
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.