Skip to main content
Sign up

© Industry Queensland. All rights reserved.

Designed by: Getmilk

Tag: Moreton Resources

Silver mine deal falls through for Jadar

Written by dev on . Posted in All News.

Jadar Resources has dropped its planned purchase of the Granite Belt Project, including the Texas silver mine.

The company said yesterday it had formed the view that the asset owners Moreton Resources and subsidiary MRV Metals, both in liquidation, were unable to deliver unencumbered title to the Granite Belt assets and unable to complete the transaction.

The company had entered into the transaction with the liquidators of MRV Metals and in September said it had completed due diligence and was assembling an operational team to bring the Texas silver mine back into production as soon as possible.

Prior to completion. . .

You are unauthorized to view this page.

Jadar to take on troubled silver-focused portfolio

Written by dev on . Posted in All News.

Jadar Resources is ready to take over Moreton Resources' southern Queensland Granite Belt tenement portfolio, including the former Twin Hills silver mine.

The company announced that it had entered into a binding term sheet with Moreton Resources and subsidiary MRV Metals, in liquidation, for the acquisition.

It will pay $500,000 cash, with non-refundable deposit of $120,000 payable within three business days of execution of the term sheet.

Jadar said it was carrying out its due diligence, which would be completedin the. . .

You are unauthorized to view this page.

Interest sought for Moreton Resources assets

Written by dev on . Posted in All News, Coal.

The administrators appointed to settle the affairs of failed resource company Moreton Resources are calling for expressions of interest for the business and its assets.

Moreton Resources and its subsidiaries entered into voluntary administration earlier this month.

The company held a raft of Queensland assets, including the former Twin Hills silver mine and other former Texas Silver Mines tenements in southern Queensland's Granite Belt region (under MRV Metals).

Moreton also had a number of Queensland coal interests under its subsidiaries MRV Tarong Basin, MRV Bowen Basin and MRV Surat Basin.

The assets include the Mackenzie coal project north-east. . .

You are unauthorized to view this page.

Subscribe to our news bulletin today and stay ahead with the latest news.