Medusa Mining Limited entered into memorandum of understanding with SEA Resources Pty Ltd, Sovann Resources Co Ltd. and the shareholders of Sovann regrinding an exploration opportunity in the Prek Kampi reigon of Combodia. The target of the exploration project will be gold and copper but the arrangement is exclusive and will also cover oil and gas and precious stones. Under the terms of MOU, Medusa and SEA have agreed to negotiate an Earn in Agreement under which Medusa can acquire up to a 70% interest in that exploration license. The MOU is a non binding framework to guide the parties in the finalisation of the key terms of the arrangement that will be agreed in a binding Earn in Agreement.