ConsMin acquires WA chromite producer

CONSOLIDATED Minerals Ltd has moved to diversify and expand its production base today by finalising an option agreement to acquire the Western Australian chromite producer Danelagh Resources Pty Ltd.

Under the terms of the purchase, Consmin has an option to acquire a 100% interest in Danelagh for $1.075 million and will also provide up to $2 million in fully secured loan funding.

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