B.H.P. Takes Up Nickel Options
(N.Z. Press Association—Copyright)
SYDNEY, May 9.
The Broken Hill Proprietary Company, Ltd. has taken up more options as part of its search for nickel-bearing areas in the Rockhampton district of Queensland.
Capricornia Mineral Development Company Pty., Ltd., will receive $400,000 from B.H.P. for an option over 1000 acres of its leases at Marlborough, about 70 miles north-west of Rockhampton. This was announced today by Vam, Ltd., the mining investor, which holds a substantial interest in Capricornia. Shares Jump Reacting to the news, shares in Vam yesterday jumped He to a 1967 peak of 48c on the Sydney Stock Exchange. B.H.P. already has exploration options covering large areas in the district. It has
already announced that it has found promising structures. Vam says profits above $50,000 in the current financial year are expected from sales of chrysophrase, a nickel-gem stone, by Capricornia and Queensland Jade Proprietary, Ltd.
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Press, Volume CVI, Issue 31365, 10 May 1967, Page 35
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151B.H.P. Takes Up Nickel Options Press, Volume CVI, Issue 31365, 10 May 1967, Page 35
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