Korab offloads Winchester

SHARES in Korab Resources skyrocketed today after the company agreed to sell the Winchester magnesium deposit in the Northern Territory to an Estonian company for up to $A33.2 million.

Korab offloads Winchester Korab offloads Winchester Korab offloads Winchester Korab offloads Winchester Korab offloads Winchester

The news sent Korab shares up by 79%, or 5.3c, to 12c.

Augur Investments Oü has agreed to pay $2 per tonne of JORC-compliant resource, with $1/t, or $16.

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