Rolls-Royce Pegasus

Luminex Announces Anglo American Pegasus Joint Venture Update

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Monday, September 27, 2021
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VANCOUVER, BC, Sept. 27, 2021 /PRNewswire/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF)(the "Company" or "Luminex") is pleased to announce receiving its 2021 cash payment of US$500,000 from Anglo American PLC ("Anglo American").

Key Points: 
  • VANCOUVER, BC, Sept. 27, 2021 /PRNewswire/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF)(the "Company" or "Luminex") is pleased to announce receiving its 2021 cash payment of US$500,000 from Anglo American PLC ("Anglo American").
  • This payment combined with the US$12.9 million of cumulative spending as of June 30, 2021 gives Anglo American a 25% ownership stake in Pegasus A and B under the earn-in agreement.
  • Anglo American returned to the field in September 2021, after team members were vaccinated and strict COVID-19 protocols were established.
  • Luminex also holds a large and highly prospective land package in Ecuador, including the Tarqui and Pegasus projects, which are being co-developed with BHP Group plc and Anglo American respectively.