Caerus Mineral Resources Plc's (LON:CMRS) Martyn Churchouse talks to Proactive London about their 'potentially transformational deal' with Jubilee Metals PLC (LON:JLP).
The deal entails a six-month exclusive period to assess all of Caerus' surface-based mining waste and tailings assets in Cyprus with a view to converting them into one or more joint ventures.
Jubilee will investigate and assess the remnant ore and multiple waste stockpiles from the 16 mines that operated historically on Caerus' concessions, including those of the recently acquired PR Ploutonic Resources Ltd.