Headwater Gold enters Jupiter project earn-in deal with Newmont worth up to US$30 million
NEM•Work plan and reimbursement terms
Headwater will manage the earn-in work for a 10% fee. Newmont will reimburse US$250,000 of prior project spending.
Newmont to earn up to 75% of Jupiter project
Headwater Gold entered a new earn-in agreement with Newmont on its 100%-owned Jupiter gold project in Nevada.
Newmont can earn up to 75% by spending up to US$30 million on exploration and delivering a pre-feasibility study.
The deal includes a firm US$2.5 million exploration spend over 24 months. Newmont earns 51% at US$10 million spent, 65% at US$20 million, then 75% with a 1.5 Moz AuEq study.
