Auplata, S.A. announced that it has signed a Heads of Agreement with Newcrest Mining Limited. The Heads of Agreement set out the terms of a proposed Farm-in and Joint Venture through which the local Newcrest subsidiary company will earn up to a 75% interest in each licence by funding exploration spending up to USD 7.5 million over five years. A geochemical prospecting campaign, completed between 2009 and 2010, highlighted four target areas.

The initial exploration work on the licenses aims to confirm the anomalies discovered during the previous campaigns.