ASX Announcements

JOINT VENTURES.

Aurium Resources Ltd (AGU).

  1. Three uranium and gold projects in Peak Hill Mineral Field.
  2. Peak Hill North; Fortnum North; and Randall.
  3. 50/50 arrangement for discoveries of uranium or gold.
  4. GPN to be reimbursed $300,000 costs of the recent drilling program.
  5. AGU will spend $1,200,000 in exploration costs over the next three years.
  6. AGU will contribute $1,000,000 towards any mining plant.

GPN has purchased a 40% interest, from Apogei Pty Ltd, in four tenements situated in the Northern Territory.

The four tenements are located on the Pine Creek Geosyncline, which is known to host uranium and gold mineralisation.

Three tenements are located within the Alligator Rivers Uranium Field (ARUF) while the remaining lease is 35 km from the South Alligator Valley Uranium Field.

The 40% interest was acquired for the consideration of 110 million fully paid GPN shares and 110 million GPN options.

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