Admiralty Resources NL Ramps Up Mariposa Project

Admiralty Resources NL (AU:ADY) has released an update.

Admiralty Resources NL is gearing up for production at its Mariposa Iron Ore Project in Chile, having commenced test runs and trial production, and secured a port services contract with Puerto Las Losas S.A. The company has also entered into a Joint Operating Agreement with Hainan Xinlei Mining Management Co Ltd, which will see Hainan provide capital and development for the project, while Admiralty retains a 20% share of profits.

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