Wallbridge Mining Signs $5M Joint Venture with Impala Platinum on Parkin Offset Dyke Properties in Sudbury

Wallbridge Mining Company Limited today announced that it signed a joint venture agreement with Impala Platinum Holdings Limited ("Impala"), the world's second largest primary platinum producer, on its Parkin Offset Dyke Properties in Sudbury, Ontario.

Under the terms of the joint venture agreement, Impala will spend $5M over three years to earn a 50% interest in the properties. Impala can then increase its interest to 65% by funding a Feasibility Study and securing Wallbridge's portion of the development funding through to commercial production on a project loan basis. The joint venture agreement is still subject to the necessary South African Reserve Bank approvals. read more

Source: Wallbridge Mining Company Limited