Highlights:
- Anglo American has made its scheduled 2021 cash payment of US$500,000
- The cash payment and exploration expenditures to date give Anglo American a 25% project interest
- Anglo American has restarted field and community programs at Pegasus A
VANCOUVER, BC, Sept. 27, 2021 /PRNewswire/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) (the "Company" or "Luminex") is pleased to announce receiving its 2021 cash payment of US$500,000 from Anglo American PLC ("Anglo American"). This payment combined with the US$12.9 million of cumulative spending as of June 30, 2021 gives Anglo American a 25% ownership stake in Pegasus A and B under the earn-in agreement.
Anglo American returned to the field in September 2021, after team members were vaccinated and strict COVID-19 protocols were established. Anglo American is reengaging with local communities in the project area in order to secure the social license to drill test multiple, quality copper, gold and molybdenum targets in H2 2022.
About Luminex Resources
Luminex Resources Corp. (TSXV:LR,OTCQX:LUMIF) is a Vancouver, Canada based precious and base metals exploration and development company focused on gold and copper projects in Ecuador. Luminex's inferred and indicated mineral resources are located at the Condor Gold-Copper project in Zamora-Chinchipe Province, southeast Ecuador. Luminex also holds a large and highly prospective land package in Ecuador, including the Tarqui and Pegasus projects, which are being co-developed with BHP Group plc and Anglo American respectively.
Further details are available on the Company's website at https://luminexresources.com/.
https://www.prnewswire.com/news-releases/luminex-announces-anglo-american-pegasus-joint-venture-update-301385303.html