BHPB, West Musgrave in joint venture

WEST Musgrave Mining has formed an alliance with BHP Billiton whereby an initial $2 million will be spent over the next two years within a area of the West Musgrave region of Western Australia.

BHPB's $1 million contribution to the budget will come via equity placements in the junior explorer, and should the major identify areas of interest it can sole fund $4 million of exploration to a 70%