V Ten Metals says Newmont spending on Tanami joint venture reaches about $330,000
NEM•Newmont has incurred about $330,000 in exploration expenditures since its May 2024 Tanami joint venture agreement with V Ten Metals. The agreement requires $500,000 in option-period spending by August 26, 2028; a project-wide prospect ranking study is expected to finish in the fourth quarter of 2026.
1. Tanami exploration spending
Newmont has incurred about $330,000 in exploration expenditures since its May 2024 agreement with V Ten Metals on the Tanami joint venture. The agreement requires $500,000 in option-period expenditures by August 26, 2028. A project-wide prospect ranking and evaluation study is expected to finish in the fourth quarter of 2026 to guide exploration priorities.
