Koza Gold Joint Venture Partner
- IMC has concluded a JV agreement with Koza Limited, a subsidiary of Turkish-based company Koza Altin Isletmeleri A.S. (“Koza Gold”) on IMC’s 5 precious metals licences.
- Koza Gold will acquire a 55% working interest in the licences for an expenditure commitment of € 1.4 million, with an option to increase its interest to 75% for a cumulative expenditure commitment of € 3.4 million.
- Koza Gold currently have a technical team based in Ireland and Turkey working in conjunction with IMC.
- A detailed works programme has been agreed and has commenced.