StockMarketWire.com – Fixed Resources said it had signed an agreement with Red Mercury to gain exclusive access to a diamond concession area in Zimbabwe.
Fixed said it would carry out the first due diligence in the area, in the diamond fields of Marange in the Chiadzwa region, with a view to concluding a joint venture agreement for mining.
The concession of 15 square kilometers was close to an area of the historic diamond designation of the historic diamond fields and was considered an extension of the same geological system, the company said.
Red Mercury was owned by the Marands-Zimunya Community Share Ownership Trust.
At 13:37 hours: [LON:VAST] The PLC share price of Vast Resources was + 0.06p at 0.65p
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