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Suite 4, Level 3 South Shore Centre
85 South Perth Esplanade South Perth WA 6151
TEL +61 8 6313 3800
FAX +61 8 6313 3888
ABN 38 108 779 782
ASX ANNOUNCEMENT 14 April 2016
Great Southern Project Farmin and Joint Venture Conditions Precedent Satisfied
On 17 December 2015, Silver Lake Resources Limited (Silver Lake or the Company) announced that it had entered into a Farm-In and Joint Venture Agreement (Agreement) with ACH Minerals Pty Ltd (ACH) in respect of the Company's Great Southern project (Project).
Silver Lake is pleased to advise that the conditions precedent to the Agreement have now been satisfied, with a majority of the third party approvals having been obtained. As such, ACH will commence earning a 51% joint venture interest in the Project by spending a minimum of $3 million on exploration within three years.
Upon earning a 51% joint venture interest, ACH may elect to increase its joint venture interest in the Project to 80% by spending a further $3 million within a further three year period.
For further information please contact
Luke Tonkin Managing Director
+61 8 6313 3800
[email protected]
Media:
Michael Vaughan Fivemark Partners
+61 422 602 720
[email protected]
Silver Lake Resources Ltd (ASX: SLR) Page 1 of 1