MinSec in alliance to identify South American opportunities

Perth-based minerals investment company Mineral Securities Ltd has executed an alliance agreement with Herencia Resources Plc under which both companies will look to identify potential mineral resource opportunities in South America.
Herencia is an exploration company listed on the AIM market of the London Stock Exchange. Herencia is currently operating the Iquique and Paguanta exploration projects located in northern Chile.
The alliance will utilise the geological, mining and corporate experience of Minsec, together with Herencia's technical team based in Chile in evaluating and developing present and future mineral resource prospects.
Minsec currently maintains a 49 per cent interest in Herencia.

In August, MinSec's platinum subsidiary Platmin Ltd simultaneously commenced trading on the Toronto Stock Exchange and London's Alternative Investment Market.

The company raised approximately $53.3 million in the initial public offering of 11,375,000 shares, representing approximately 13 per cent of the enlarged company's shared capital.

MinSec is currently trading at $1.20.