Wilton Resources ( Valuation: 0.00, Fundamental: 1.20) Corporation has entered into a non-binding framework agreement with Chinese minerals and mining group, Yunnan Chihong Resources Exploration & Development Company, a unit of Yunnan Metallurgical Group.
The agreement outlines areas of potential investment and co-operation between the two parties in the development of Wilton’s Ciemas Gold Project in West Java, Indonesia.
This includes the development and construction of a mining, processing and smelting facility as well as the exploration of Wilton’s mining permit area and an equity investment by Yunnan Chihong.
Shares in Wilton ended 22% higher at 6.7 cents on Jan 21.
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The agreement outlines areas of potential investment and co-operation between the two parties in the development of Wilton’s Ciemas Gold Project in West Java, Indonesia.
This includes the development and construction of a mining, processing and smelting facility as well as the exploration of Wilton’s mining permit area and an equity investment by Yunnan Chihong.
Shares in Wilton ended 22% higher at 6.7 cents on Jan 21.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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