Eastern Metals: Expands its Arunta Project in the Northern Territory

Eastern Metals Expands its Arunta Project in the Northern Territory

• Eastern Metals (EMS) expands its Arunta Project in the Northern Territory after acquiring the Neutral Junction Project from Bowgan Minerals.
• The newly acquired project covers six exploration licences across 504 square kilometres
• EMS has 100 per cent interest in five tenements acquired and a 75.14 per cent joint venture interest in a sixth tenement held by Mithril Resources (MTH)
• EasternMetals and Bowgan Minerals have executed a binding heads of agreement, with an asset sale agreement to follow
• Shares in EMS were trading flat at 20 cents.