View in Other Languages Dynasty Metals Australia Limited (ASX:DMA) Signed Farm-out Agreement For Non-core Base Metal Tenements Dynasty Metals Australia Limited (ASX:DMA)与中煤地质工程总公司签署非核心基础金属项目转租协议 Dynasty Metals Australia Limited (ASX:DMA)與中煤地質工程總公司簽署非核心基礎金屬項目轉租協議 
Dynasty Metals Australia Limited (ASX:DMA) Signed Farm-out Agreement For Non-core Base Metal Tenements
Dynasty Metals Australia Limited (ASX:DMA) Signed Farm-out Agreement For Non-core Base Metal Tenements

Sydney, May 13, 2011 AEST (ABN Newswire) - Dynasty Metals Australia Limited (googlechartASX:DMA) is pleased to advice it has taken the next steps on its path to focus on its Pilbara iron ore tenements by agreeing a farm-out of its non-core base metal tenements (other than the Irwin River coal seam gas tenements) with China Coal Geology Engineering Corporation ("CCGEC").

Under the agreement with CCGEC and its associates, Dynasty will transfer its non-core base metal tenements into a separate legal entity and CCGEC will invest A$2m for a 60% equity interest, with the option of increasing this interest by 20% by investing a further A$750,000 within a three year period.

The deal is subject to legal and regulatory approvals.

Contact

Richard Oh CA MAICD
Executive Chairman
Dynasty Metals Australia Limited
Tel: +61-2-9229-2710
Fax: +61-8-9322-7211
Email: admin@dynastymetals.com.au
http://www.dynastymetals.com.au



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