Joint venture for gold project formed with KWM's help

This was the second such deal completed by the firm for its client in 2019

Joint venture for gold project formed with KWM's help

King & Wood Mallesons (KWM) has helped a client ink a farm-in and joint-venture agreement for a gold project in Victoria.

The legal giant advised St Barbara on its arrangement with Kite Operations, a subsidiary of ASX-listed Catalyst Metals, which will lead to St Barbara managing exploration for the Drummartin gold project.

Under the agreement, St Barbara may acquire up to 50% of the exploration project by contributing exploration funding worth $3.5m in the first four years. St Barbara will act as manager of the project during both the earn-in and joint-venture periods, as long as it holds the half-stake. Kite will be the “on ground” operator, KWM said.

KWM said that this was the second farm-in and joint-venture agreement it helped St Barbara close in 2019. The first one was St Barbara’s agreement for the Horn Island project, finalised in the first half of 2019.

The KWM team was headed by partner Scott Langford, who was supported by KWM M&A corporate partner Will Heath and solicitors Lachlan Fahey, Luci Kjar-Cruttenden, and Jeremy Hart. 

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

MinterEllison WA managing partner appointed as secretary on World Services Group board

ASIC lays down historic penalty with NRF’s help

Baltic firms combine to create modern business law firm

KWM advises on “first of its kind” renewable PPA for multinational mining company

US bar launches Giving Day as part of national pro bono celebration

Cooper Grace Ward appoints deputy managing partner

Most Read Articles

Life sciences and regulatory expert joins Hogan Lovells as partner

‘Stop trying to sound like a lawyer,’ Piper Alderman partner says

Carter Newell welcomes two to partnership in major promotions round

Cooper Grace Ward appoints deputy managing partner