AuStar passes on Centennial 

AFTER missing a deadline to put an offer to a meeting of Centennial Mining creditors, AuStar Gold has confirmed it has completed due diligence investigations and has passed on the chance to recapitalise its fellow Victorian gold minnow.

AuStar passes on Centennial  AuStar passes on Centennial  AuStar passes on Centennial  AuStar passes on Centennial  AuStar passes on Centennial 

Centennial's mines were losing money.

AuStar hasn't entirely shut the door, and will "continue to monitor the progress" of Centennial and its subsidiary associated Maldon Resources, while administrators KordaMentha has moved to put some