Ivanhoe Completes Acquisition of 51% Interest in Emmerson Joint Venture Tenements
27.11.2012 | Marketwire
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO US PERSONSMELBOURNE, AUSTRALIA -- (Marketwire - Nov. 26, 2012) - Ivanhoe Australia Limited (TSX:IVA) (ASX:IVA), announces that it has finalised its acquisition of the 51% interest in certain Emmerson Resources Limited's ("Emmerson") tenements in the Tennant Creek region.
Under the terms of the joint venture agreement entered into in 2009, Ivanhoe Australia was required to spend $18 million on exploration work on the joint venture tenements to earn its 51% interest. This expenditure level was confirmed in November 2012.
This information is available on our website: www.ivanhoeaustralia.com
Contact
Ivanhoe Australia Limited
Stephen Nossal, Senior VP Corporate Development
+61 3 9090 8800
stephenn@ivancorp.net
Ivanhoe Australia Limited
Karen McRae, Manager Investor Relations
+61 3 9090 8800
karenm@ivancorp.net
www.ivanhoeaustralia.com