Highlands hands over Star Mountain reins

July 20, 2017

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ASX-listed junior Highlands Pacific has announced its intention to transfer the management of the Star Mountain exploration project, in Papua New Guinea, to joint venture (JV) partner Anglo American after the company spent the required $25-million. Under the JV agreement that was struck in 2015, Anglo American earned an initial 51% interest in the project by paying Highlands $10-million in cash and spending $25-million on exploration within the first four years of the JV.

Category: General