South32 exercised its option to acquire a 50% interest in December 2019.
Trilogy contributed all its UKMP assets—some 172,675 hectares—to the JV while South32 contributed US$145 million.
date:12/10/2020
location:Virtual Event
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location:TBC, 2021 – London
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Sanctions busting, China style
Trilogy Metals and South32 have formed a 50/50 joint venture called Ambler Metals for the future development of the Upper Kobuk Mineral Projects (UKMP) in Alaska, USA.
South32 exercised its option to acquire a 50% interest in December 2019.
Trilogy contributed all its UKMP assets—some 172,675 hectares—to the JV while South32 contributed US$145 million.
Arctic drilling will take the bulk of the budget, with Bornite to see follow-up geotechnical work
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