More headaches for Metallica

PREVIOUSLY unknown royalty agreements over Australian Mines’ Sconi project has caused issues for the new board at troubled explorer Metallica Minerals, which has been forced to place its subsidiary Nornico Ltd into voluntary administration to protect itself.

More headaches for Metallica More headaches for Metallica More headaches for Metallica More headaches for Metallica More headaches for Metallica

Bell Creek is part of the wider Sconi project.

It turns out International Royalty Corporation holds one of three royalty agreements over Nornico, but only one was transferred to Australian Mines with the sale.

topics

loader