Orion Metals wraps up sale of Tanami West Project to PVW Resources
Orion Metals has wrapped up the previously announced sale of its 65% stake in the Tanami West Project in Western Australia to PVW Tanami, a subsidiary of PVW Resources, for AUD250,000.
The Tanami West Project is a lanthanides and gold asset that comprises seven exploration tenements.
Orion Metals held the stake in the Tanami West Project through its fully-owned subsidiary Rich Resources Investments.
The deal was announced in August 2019. Prior to the deal, PVW Resources already had a stake of 35% in the lanthanides and gold project.
PVW Resources now owns 100% of all tenements across Tanami, Kalgoorlie, and Leonara.
Orion Metals wraps up sale of Tanami West Project to PVW Resources. Image courtesy of PVW Resources Limited.
George Bauk – PVW Resources Executive Director said: “This completes the acquisition of the company’s tenement holdings across the three project areas. The company has 100% ownership of all tenements allowing us to explore across all the regions”.
“The Tanami project has significant potential, and we look forward to commencing our on-ground exploration efforts early in the June Quarter. We have some exciting results to follow up from the last exploration on this ground in the early 2010’s including 12m @ 2.94 g/t from surface and 5m @ 6.99 g/t also from surface.”