Max Resource Max Resource Executes Earn-In Agreement with Freeport-McMoRan Exploration Corporation for the Cesar Copper-Silver Project, a wholly owned-affiliate of Freeport-McMoRan Inc. (NYSE:FCX) relating to Max’s wholly owned Sierra Azul Copper-Silver Project. Under the terms of the EIA, announced on May 13, Freeport can earn an 80% interest in the Sierra Azul Copper-Silver Project in two stages by spending an aggregate CAD$50 million and paying a total CAD$1.55 million to Max.
Max in October closed the transaction to purchase the Florlia DSO Iron Ore Project, located 70 km east of Belo Horizonte, Brazil.
“The Florlia DSO Iron Ore open pit reveals sizable, sub-horizonal plunging bands of hematite iron ore which appear to extend in all directions. Upon successful exploration and development, with iron ore buyers situated within 20 km, Florlia would have a significant transportation cost advantage, as bulk tonnage haulage to a shipping port would not be required,” said Max’s CEO, Brett Matich
https://aheadoftheherd.com/max-resource-max-iron-brazil-floralia-dso-iron-ore-project-richard-mills/