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BRL signs MOU with China
19-November-08
Written by Edited announcement

Perth-based explorer Bauxite Resources has signed an MOU with a Chinese group, aimed at establishing a 'farm-in' type arrangement for exploration at the company's Darling Range tenements for all minerals other than bauxite.

The MOU provides both parties with the framework to work together over the next three months to ascertain whether an agreement can be reached as to the suitable terms for a 'farm in' type arrangement.

SDGM may carry out its own drilling and exploration, at its own expense, in return for earning an interest in all mineral discoveries other than bauxite, of which BRL retains exclusive rights.

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