On 10 November 2017, Prospect Resources Ltd (ASX:PSC) announced a conditional placement and framework agreement with Sinomine Resources Exploration Co. Ltd (SHE:002738) and Sinomine International Exploration (Hong Kong) Co. Ltd and offtake agreement with Sinomine Resource (Hong Kong) International Trading Co., Limited.
Sinomine Resource Exploration Co Ltd
Sinomine Resource Exploration Co Ltd (SHE:002738) is a China-based company principally engaged in the provision of solid mineral exploration technical services and construction engineering services. The Company is also involved in the trading business and mineral rights investment business. The Company also provides logistic supporting services, which includes warehousing, logistics, as well as the exploration of production, processing and sales of supporting materials. The Company operates its business in both domestic and overseas markets.