Jadar Resources Limited announced that it has signed a Term Sheet with private mining company Outback Metals Pty Ltd. for the purchase of a portfolio of Northern Territory projects collectively referred to as the Mt Wells and Maranboy Projects which contain several Tin, Copper, Silver, Gold, Tungsten and Iron-Manganese prospects. Total consideration for acquisition of the Mt Wells and Maranboy Projects is AUD 6.5m cash (payable over 12 months) and 20 million options (at an issue price of $nil). It is anticipated that the purchase price is partly funded through a $3m Convertible Note and the use of the Mint Capital Advisors finance facility. Highlights: Jadar has signed a Term Sheet for the 100% acquisition of a portfolio of projects in the Northern Territory collectively referred to as the Mt Wells and Maranboy Projects Portfolio, these include namely: Mt Wells ­ Tin and Copper; Speargrass ­ Gold and Tin; Maranboy ­ Tin; Rocks Ridge Project ­ Gold; Emerald Hill ­ Tin; Rosemary ­ Tin; Mt Diamond ­ Copper, Gold and Silver; Millers ­ Iron-Manganese; Copperfield ­ Copper, Gold and Silver; Millers Gold ­ Gold; and McKinlay ­ Gold. Historically significant production and largest producing tin project in the Northern Territory: Mt Wells historic production of 99,000t of ore for 1,000t of tin, 1.01% Sn recovered grade. Minor historic production of copper resources at Mt Wells with only 7t of handpicked ore from hanging wall grading 37% copper. Maranboy historic production of 49,314 tons of ore for 800.57t of tin, 1.66% Sn recovered grade. No significant production since 1929 at Mt Wells and 1952 at Maranboy. Extensive drilling has been completed at the Mt Wells tin-copper deposit and Maranboy tin deposits in preparation for upgrading non-JORC compliant resources to maiden JORC compliant resources. Surface geochemical surveys completed which has identified target extensions ready for drilling. Existing infrastructure on site including processing plant, offices, accommodation and messing, large dams for water supply and tailings storage, communications system and weighbridge, access and haul roads, underground development and access, water bores and tanks. Development scoping study and preliminary desktop plant design study completed. Coarse-grained free-milling cassiterite tin ore; proven, simple processing methods.Significant tenement holding of 32 granted Mining Leases, 1 mining lease application, 2 granted exploration licenses and 1 exploration license application. Totaling 231.18 km2 of exploration leases and 301.1 ha of mining leases. Limited modern exploration conducted to realise the full potential of the Projects.