Mallee Resources has failed to raise sufficient funds to kick-start the Avebury nickel sulphide project in Tasmania back into production, and to enable a return of the company’s shares to quotation on the ASX.
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Court approval opens door to Avebury acquisition
The Supreme Court of Western Australia has approved the transfer of shares from Allegiance Mining to Mallee Resources, and in effect ownership of the Avebury nickel sulphide project in Tasmania.
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Avebury Nickel Mine out of care and maintenance
The Avebury Nickel Mine in western Tasmania is back in operational mode, with its care and maintenance status lifted by Tasmanian regulatory bodies (Mineral Resources Tasmania, Worksafe Tasmania and EPA Tasmania).
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MMG to launch production at Dugald River as zinc prices soar
MMG is on track to be producing at the Dugald River zinc operation in Queensland ahead of schedule as it aims to capitalise on a tightening market for the mineral.
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