Orsu in New Agreement on Balkhash Project
12 March 2014 01:06 WIB
TEMPO.CO, Jakarta - Orsu Metals Corporation has entered into a new exclusivity agreement with Asem Tas-N LLC to continue joint exploration of the Balkhash project in Kazakhstan and agreed a work programme in accordance with the terms of the Balkhash licence for 2014, as reported by Stock Market Wire.
The agreement replaces the exclusivity agreement announced on 16 September, which in turn replaced earlier exclusivity agreements announced in April last year and November 2012.
Orsu has been granted a further exclusive right for a period of 120 days, ending in July 2014, subject to extension by mutual agreement of the parties, to explore and participate in the Balkhash project.
STOCK MARKET WIRE