Winmar heads to Spain

FORMER iron ore junior player Winmar Resources is heading off to find fame and fortune in Spain after finalising its involvement in the Lomero gold-silver-copper-zinc project held by controversial stablemate Kimberley Diamonds.

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Kimberley executive Rod Sainty resigned yesterday to become Winmar’s new managing director, with Winmar agreeing to hand over $A200,000 and earn up to 70% by spending $8 million over three years.