New copper frontier for BHP

AUSTRALIAN miner Encounter Resources has lured another big-name partner, with BHP entering into an option agreement with the company over the 45,500kmĀ² Elliott copper project in the Northern Territory.

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Will Robinson

The option agreement gives BHP the right to enter into an earn-in and joint venture agreement to earn up to 75% interest in Elliott by spending up to $A22 million over 10 years, following the