PRECIOUS METALS

Carbine now shot of Mount Morgan

TONY James has given notice of his exit and Carbine Resources has pulled the pin on the Mt Morgan gold-copper-pyrite development in Queensland after failing to convince other stakeholders in the project to reduce their economic benefits.

 The Carbine pit at Mount Morgan

The Carbine pit at Mount Morgan

To gain 100% of the project Carbine had needed to pay cash and issue shares (plus provide a 1% royalty) to private company Raging Bull, as well as pay $2 million cash to Norton Goldfields and deliver another...

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