Terramin Australia Limited: Terramin inks exploration deal with JOGMEC

ASX-listed Terramin Australia has struck a A$10.5-million exploration agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) on the South Gawler Ranges project, in South Australia. Under the terms of the agreement, JOGMEC will fund an initial A$7.5-million in exploration over three stages and six years, to earn a 70% interest in the project.