Sedgman embarks on Mahumo project

SEDGMAN has signed a memorandum of understanding with MOD Resources to bring in an extra $US1.5 million ($A2 million) for studies on the Mahumo copper-silver project in Botswana.

Sedgman embarks on Mahumo project Sedgman embarks on Mahumo project Sedgman embarks on Mahumo project Sedgman embarks on Mahumo project Sedgman embarks on Mahumo project

Sedgman will inject $US1.5 million in MOD Resources' Mahumo copper-silver project in Botswana.

Under the agreement, Sedgman will put the cash into prefeasibility and definitive feasibility study services to earn 10% of Mahumo.