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Territory, Matilda merger on the cards

TERRITORY Resources chairman Michael Kiernan has flagged a future merger with Matilda Minerals after the company announced it had lifted its stake in Matilda to 8.6% following a $2.75 million investment in the mineral sands producer.

MiningNews.Net
Territory, Matilda merger on the cards

Speaking to journalists during a site visit to Matilda Minerals’ Tiwi Islands operation, Kiernan said at some stage the two companies would join forces. “By merging together we could have economies...

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