Vango claims end to K2 JV

THE years-long enmity between Dampier Gold and its 19.8% shareholder Vango Mining has flared again, with reportedly Vango declaring it will not extend an earn-in period for the K2 joint venture, with Dampier again threatening legal action against a partner it considers recalcitrant and obstructionist.

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The K2 dispute shows no sign of settlement.

Dampier said Vango sent a letter last week declaring that the A$3 million earn-in period for M52/183 that was agreed to in May 2017 had lapsed with Dampier failing to satisfy the expenditure