Lonmin farms into Helix's Munni Munni project

PERTH-based Helix Resources has today announced a joint venture with Lonmin, the world's third-largest platinum producer, aimed at developing Australia's first platinum mine.

Lonmin agreed last night to fund a full feasibility of the Munni Munni platinum project (estimated to cost about $8 million) and on successful completion would earn a 50% interest in the mine.