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Strategic Energy Resources Secures Binding JV with Sumitomo Metal Mining for Bulimba Gold Project
9:24am on Wednesday 15th of April, 2026 AEST
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Mining
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Strategic Energy Resources Secures Binding JV with Sumitomo Metal Mining for Bulimba Gold Project
9:24am on Wednesday 15th of April, 2026 AEST
Key Points
Sumitomo can earn up to 90% interest via $6 million expenditure and 7,500m drilling
Initial farm-in fee of $100,000 and minimum $600,000 JV expenditure in first year
SER to manage exploration and receive 10% operator fee during earn-in
JV targets extensions of prolific Palmerville-Gamboola Fault mineralisation
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