Our flagship Joshua Copper Porphyry Project is located in Chile

 

The Joshua project is located 350km north of Santiago, near Ovalle

 

Manhattan will have the right to earn up to an 80% equity in the Joshua Copper Porphyry Project

 

3,000m of diamond drilling will commence mid-September 2018 at the Joshua Copper Porphyry Project

 

Chile is a world class mining destination

 

A board with diverse capabilities

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Manhattan Corporation Limited (ASX:MHC) is an explorer with its head office based in Perth, West Australia.

Manhattan’s strategy is to grow shareholder value through the identification of advanced projects with exploration upside.

Manhattan announced in June 2018 it had signed a landmark agreement on the Joshua Copper Porphyry Project in Chile with Helix Resources Limited.

  • Manhattan has the right to earn up to an 80% equity in the Joshua Project over three (3) stages;
  • With the First Stage, Manhattan must sole fund expenditure of AUD$1,000,000 with the aim of completing 3,000m of diamond drilling, with drilling commencing mid-September 2018;
  • The agreement gives Manhattan exposure to the significant upside of a potential new copper porphyry discovery in a world-class mining destination;
  • First Stage drilling will focus on targets within the currently known Joshua system where potential exists to outline a copper mineral system that has tonnes and grades that may be attractive to major copper mining companies; and
  • Manhattan is fully funded for first stage expenditure with AUD$3,000,000 recently raised and as at the date of this release is trading at a share price of $0.013 for a market capitalisation of approximately AUD$10m.

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