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Sumitomo Joins Bulimba Gold Quest with $6M JV Deal

10:42am on Monday 19th of January, 2026 AEDT Mining
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Sumitomo Joins Bulimba Gold Quest with $6M JV Deal

10:42am on Monday 19th of January, 2026 AEDT
Key Points
  • Sumitomo Metal Mining Oceania to earn up to 90% interest in Bulimba Gold Project
  • $6 million expenditure and 7,500m drilling commitment over five years
  • Strategic Energy Resources to manage exploration and receive 10% operator fee
  • JV covers four exploration licences with option for adjoining tenements
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