Moreton calls in administrators

THE Twin Hills silver project in Queensland, now named Granite Belt, has once again featured in the collapse of a junior company, with Moreton Resources calling in the voluntary administrators yesterday, admitting it was unable to make a go of its silver and coal assets in Queensland.

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Moreton's Granite Belt project has failed.

Grant Sparks and David Orr of Deloitte Financial Advisory have been appointed as administrators and will undertake an urgent assessment of the business and its financial position.