{"id":46260,"title":"Kolar Gold CEO Cameron Parry","publisher":"Share Talk","author":"sharetalk","published":"2016-10-18T11:06:11+00:00","modified":"2019-01-27T20:47:24+00:00","canonical_url":"https://www.share-talk.com/kolar-gold-ceo-cameron-parry-2/","markdown_url":"https://www.share-talk.com/kolar-gold-ceo-cameron-parry-2.md","json_url":"https://www.share-talk.com/kolar-gold-ceo-cameron-parry-2.json","category":"Podcasts","categories":["Podcasts"],"tags":["KGLD, LION, LIONSGOLD, INDIA, MINING, EXPLORATION, KOLAR"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Share Talk speaks with Cameron Parry about Kolar Gold inks Finland gold JV MoU news update.\n\nKolar Gold Ltd has entered into a MoU to establish a Joint Venture to develop gold exploration and mining assets in Finland.\n\nHIGHLIGHTS:\n\n-\nGold assets in second jurisdiction secured, to be developed concurrent to Kolar's existing interests.\n\n-\nOption for Kolar to earn-in up to 50% of existing gold projects in Finland through JV.\n\n-\nHigh grade targets within licences covering an area of approximately 24km2.\n\n-\nPotentially cashflow generative within 12 months via bulk sampling.\n\n-\nUpfront payment of €150,000 in cash and €150,000 equivalent in Kolar shares based on 14-day VWAP of 1.6p, seeing Kolar commence with a 15.4% JV interest.\n\n-\nCommitment by Kolar to provide an additional €350,000 in Q1 2017 increasing Kolar's interest to 28.3%.\n\n-\nOption for Kolar to provide up to a further €1m to be expended over 2017, to earn up to 50% of JV.\n\n-\nSubject to at least 100kg (3,215 oz.) of gold being produced in 2017 from initial target, 17m warrants exercisable at 3.2p each expiring in October 2018, to be issued to JV partner.\n\n-\nTraditional mining jurisdiction – politically and financially stable and secure environment. #KGLD #LION #LIONSGOLD #INDIA #MINING #EXPLORATION #KOLAR"}