JOGMEC to Explore Zinc and Metals Resource in New South Wales

Japan Oil, Gas and Metals National Corporation (JOGMEC) announced on Wednesday the firm signed agreement with Minotaur Exploration of Australia on exploration joint venture near Louth, New South Wales, Australia. JOGMEC expects to find new zinc deposit with indium when the area has rich metal resource potential with existing zinc deposits. JOGMEC pays A$ 1.7 million for 3 years for the exploration to get 51% interest in the project.