"AusQuest has attracted significant funding from major mining companies over the last 15 years, most recently with a Strategic Alliance with South32 (spun out from BHP Billiton in 2015)." $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU
"Once AusQuest has earned 75%, it can offer to buyout Westminster's remaining 25% interest for fair market value." $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU
"Under the terms of the SAA, South32 has exclusive rights to AusQuest's projects by funding selected projects up to the drilling stage and can elect to spend a further US$4.0 million on each project to earn a 70% interest with the right to earn an..."https://t.co/HVcly7ZVOU
"Terms of the Farm-In Agreement include an 18-month Phase 1 program to identify drill targets, a 3-year Phase 2 program of a minimum 3,000 m of drilling to earn the initial 35%," $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU
"AusQuest Limited is an active exploration company, focused on base metals in large-scale provinces – currently Peru and Western Australia." $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU
"AusQuest have licences adjacent to the Westminster licences which were drilled in 2016, providing them with encouragement to continue exploring this area for a possible buried porphyry copper target." $WMR.V https://t.co/HVcly7ZVOU
"A 3-year Phase 3 program of a further 10,000 m of drilling or US$2.5 million of additional expenditure (whichever comes first) to achieve 65% interest, and then a final Phase 4 PFS program, to complete a Pre-Feasibility Study to achieve a 75% interest in the licences." $WMR.V
"Glen Indra, Westminster's President and CEO, commented: "AusQuest is an active and well-funded explorer in the southern Peru region, and we welcome their involvement in our portfolio of projects…" $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly8hwGs
"From a regional geological perspective this project area is dominated by a Cretaceous-age diorite-granodiorite batholith, with coincident magnetic and radiometric anomalies adjacent to known structures, hosting multiple porphyry targets." $WMR.V https://t.co/HVcly7ZVOU
"These particular licences form part of the Ilo Sur project, which Westminster acquired along with the flagship Ilo Norte and Ilo Este projects." $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU
"The 5 licences being farmed to AusQuest are part of a 12,225 ha project area lying southwest of Westminster's Ilo Este Copper Project." $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU
"Prior work has identified both porphyry and IOCG style mineralization. The company also holds a 100% interest in the 18,000-hectare El Cobre property in Sonora, Mexico, prospective for world-class epithermal and copper-gold porphyry systems." $WMR.V https://t.co/HVcly7ZVOU
"Westminster Resources Ltd. (TSX.V: WMR) is pleased to announce that it has entered into a Farm-In Agreement with AusQuest Limited (ASX:AQD). The Agreement covers 5 of the 36 Peruvian copper licences recently acquired by Westminster, covering 4,900 hectares." $WMR.V
"The Farm-In Agreement contemplates AusQuest completing 13,000 metres of drilling over 7.5 years to earn 65%, with an option to earn 75% by completing a Pre-Feasibility Study." $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU
"Westminster Resources is a Latin American focussed mining exploration company. The company has recently acquired a 100% interest in a package of highly prospective copper properties in southern Peru." $WMR.V https://t.co/HVcly7ZVOU
"These properties total over 36,000 hectares within the country's prolific coastal copper belt—source of nearly half of Peru's copper production." $WMR.V Westminster Resources News Release Aug. 16, 2018. https://t.co/HVcly7ZVOU