Published On: Mon, Feb 22nd, 2021

Orion Metals wraps up sale of Tanami West Project to PVW Resources

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has wrapped up the previously announced sale of its 65% stake in the Tanami West Project in to PVW Tanami, a subsidiary of PVW Resources, for AUD250,000.

The Tanami West Project is a lanthanides and gold asset that comprises seven exploration tenements.

Orion Metals held the stake in the Tanami West Project through its fully-owned subsidiary Rich Resources Investments.

The deal was announced in August 2019. Prior to the deal, PVW Resources already had a stake of 35% in the lanthanides and gold project.

PVW Resources now owns 100% of all tenements across Tanami, Kalgoorlie, and Leonara.

Orion Metals wraps up sale of Tanami West Project to PVW Resources

Orion Metals wraps up sale of Tanami West Project to PVW Resources. Image courtesy of PVW Resources Limited.

George Bauk – PVW Resources Executive Director said: “This completes the acquisition of the company’s tenement holdings across the three project areas. The company has 100% ownership of all tenements allowing us to explore across all the regions”.

“The Tanami project has significant potential, and we look forward to commencing our on-ground exploration efforts early in the June Quarter. We have some exciting results to follow up from the last exploration on this ground in the early 2010’s including 12m @ 2.94 g/t from surface and 5m @ 6.99 g/t also from surface.”

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