The Merlin Project is located some 100 km south of the settlement of Borroloola and comprises 14 kimberlite pipes, grouped into four clusters. The Company wishes to commence development of the Merlin Project. The Company holds a 62.0% interest in Ivanhoe Australia Limited (“Ivanhoe Australia”), which is developing its copper-gold discoveries in the Cloncurry region of Queensland, Australia, and also is planning the development of its wholly-owned Merlin Project, a high-grade molybdenum and rhenium deposit.ĭuring its short operational life, the Merlin Project was renowned for its production of top quality white, yellow, cognac and champagne diamonds and large specials, the largest being104.73 carats.
The President shall be the superior officer of the Executive Vice Presidents, Senior Vice Presidents, Vice Presidents and all other officer positionscreated by the Board of Directors unless the Board of Directors provides otherwise. NWN holds a portfolio of nickel exploration projects, including the Ruins Project, located adjacent to the recent nickel sulphide discoveries reported by Buxton Resources (“Buxton”, ASX: BUX) at its Merlin Project.The Ruins Project is located immediately south-east of Buxton’s Merlin Project and is considered highly prospective for nickel sulphides as well as other associated metals (Cu, Co and PGEs), having similar geology and proximity to the Merlin discovery. Income source (Section 8, etc.) accounted for 3% of filings over the five-year period. This Act may be cited as the Merlin Project Agreement Ratification Act 1998. This Agreement is governed by the laws in force in the Northern Territory of Australia and, the Company shall comply with all applicable laws of the Commonwealth and, subject to this Agreement, all laws of the Territory applicable to the Merlin Project.