Analyst Research Report Snapshot

Title:

MARIANA RESOURCES - SOUTH AMERICAN EXPLORATION

Price:

$10.00

Provider:

Edison Investment Research

Date:

07 Nov 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

MRRE.L

Available for Immediate Download
Summary:

Mariana Resources is developing a strategic short- to medium-term asset base in Peru, having made a long-term decision to reprioritise its exposure to Argentina. The due diligence on Condor Resources’ Soledad project has been completed successfully and Mariana will proceed with an option to earn-in 70% of the project. Payment will be US$1.125m in cash or shares over a four-year period and US$4m total work commitment expenditure over the same length of time. This complements the current Condor de Oro project in Northern Peru, which is being drilled.

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