The Joint Venture allows for both companies to grant one another reciprocal exploration rights to their respective exploration licenses within Mongolia.
Both ION and Aranjin will leverage one another’s expertise in their respective metals, with Aranjin being granted a right to explore ION’s properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin’s properties for lithium. This structured approach is aimed at enlarging their exploration area within the mineral-rich regions of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the development stage.
Click for more information on ION Energy Ltd. (TSX.V: ION, OTC: IONGF) & Aranjin Resources Ltd. (TSX.V: ARJN)