Empire terminates Penny's Find JV

THE battle for the small but profitable Penny’s Find joint venture has taken another turn, with Empire Resources formally terminating the 2015 agreement, kicking out 40% partner Brimstone Resources, which is now in receivership.

Empire terminates Penny's Find JV Empire terminates Penny's Find JV Empire terminates Penny's Find JV Empire terminates Penny's Find JV Empire terminates Penny's Find JV

Participation in Penny's Find did not end well for Brimstone.

Empire said this afternoon that control of Brimstone's share of the permits that comprise the wider JV was with the receiver appointed to Brimstone.

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