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Intermin farms-out Richmond to AXF

GOLD-focused Intermin Resources has farmed out an advanced vanadium-molybdenum prospect in Queensland called Richmond to emerging resource player (and former property developer), AXF, which will spend $A6 million over four years to earn a 75% stake in the project.

Michael Quinn
Intermin farms-out Richmond to AXF

AXF, which will also buy $430,000 worth of new Intermin shares, has to spend $1 million in the first year to earn an initial 25% stake in Richmond. Intermin has undertaken drilling, beneficiation testwork...

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