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Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: IGR
Latest Price: A$0.44  (3.53% Ascending)
52-week High: A$0.63
52-week Low: A$0.38
Market Cap: A$371.25M
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Integra Mining
www.integramining.com.au

Integra Mining (ASX: IGR) transitioned from gold explorer to producer in September 2010 after pouring first gold from its flagship Randalls Gold Project. 

 

The company has steadily built up its mineral portfolio through a series of acquisitions, joint ventures and strategic alliances, and now controls a consolidated tenement package of approximately 1,500km2 in the heart of the Eastern Goldfields of Western Australia.

Full Integra Mining profile here
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Integra Mining in JV's for non-core Latitude Hill and gold focused Queen Lapage

20th Jun 2011, 5:20 am

Integra Mining (ASX: IGR) has established a joint venture for Latitude Hill with Anglo American Exploration (Australia), and a second joint venture at Queen Lapage with Rubicon Resources (ASX: RBR).

At Latitude Hill in the Musgrave province of Western Australia, Integra is continuing with the strategy to allow other parties to farm-in to the non-core assets.

Under the agreement, Anglo may spend A$750,000 to earn a 51% equity share within a three year period, then an additional 19% by spending another $1.5 million within two years.

This joint venture will be an advantage for Integra, with Anglo having developed solid experience exploring in the region.

At Queen Lapage, the joint venture will cover 113 square kilometres of Rubicon's tenements, further increasing Integra's exposure in the area within proximity to the company's Randalls Gold Project.

Under the agreement, Integra can spend $1 million over three years to earn a 51% interest, with the potential to earn up to another 19% by spending another $1 million.

Highlighting the potential of the area, Randalls achieved record monthly gold production of 7,909 ounces in May.

 

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