Jacaranda Alliance

A wholly owned subsidiary of Hancock Prospecting Pty Ltd (HPPL), Minerals Australia Pty Ltd (MAPL) entered into a Joint Venture Agreement with a company owned by former group executives of Rio Tinto / CRA, forming the Jacaranda Alliance Joint Venture. 

Jacaranda Minerals was established with the purpose of exploring for new mineral deposits drawing on the extensive knowledge and experience of those involved in the partnership.

Under the terms of the 50/50 Joint Venture, Hancock as the JV Manager will progress exploration and evaluation work on petroleum prospects in the Beetaloo Basin in the Northern Territory.