MinRex clinches acquisition of highly prospective East Pilbara tenements

Published at Feb 27, 2018, in Small Caps

Junior gold explorer, MinRex Resources (ASX:MRR), has today settled its acquisition of a 70 per cent interest in highly prospective East Pilbara tenements.

Work has already commenced on an initial program of works, with the collation and review of historical data underway.

Exploration work will begin on the tenements as soon as practicable.

Minrex exploration work

Details of the East Pilbara tenements acquired by MRR

MRR non-executive chairman, Dr James Ellingford, commented: “The acquisition of a 70 per cent interest in the East Pilbara Tenements marks an exciting new phase in the history of MinRex, and the company is poised to join its near neighbours in further developing the East Pilbara region and driving shareholder wealth.”

At the same time, it’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.

Minrex portfolio

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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