View to sell its Carnilya Hill stake to Mincor

MINCOR Resources is set to take 100% ownership of the Carnilya Hill nickel project in the Kambalda region of Western Australia after signing an agreement to purchase View Resources’ 30% interest for $A25 million.

View to sell its Carnilya Hill stake to Mincor View to sell its Carnilya Hill stake to Mincor View to sell its Carnilya Hill stake to Mincor View to sell its Carnilya Hill stake to Mincor View to sell its Carnilya Hill stake to Mincor

Under the terms of the deal, Mincor will pay $22.5 million in cash to View on settlement and up to $2.5 million in future nickel royalties.