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News Breaks | | | | September 24, 2012 | | 09:09 EDT |  | KXM | Kobex Minerals signs MOU on Indonesian Nickel Laterite property
Kobex Minerals announced it has signed a Memorandum of Understanding, or MOU, to acquire the exclusive right to negotiate for the acquisition of an 85% indirect interest in a Nickel Laterite property on the island of Sulawesi, Indonesia. The MOU is between Kobex and Geologic Systems Ltd., a private B.C. company, which holds the exclusive right to negotiate by Nov 20, 2012 a definitive agreement for the acquisition of an 85% interest in PT. Citra Lampia Mandiri, or CLM, a private Indonesian company. CLM holds an exploration and an exploitation licence, or IUP, on the Lampia property totaling about 10,000 hectares. | |
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