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Paladin, Summit battle heats up

THE takeover battle by Paladin Resources for Summit Resources has turned up a notch, with the uranium miner calling the takeover target's mineral resource estimate for two of its 100%-owned uranium deposits within the Mt Isa joint venture as "disappointing", while Summit said Paladin is just playing "tit-for-tat".

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Paladin, Summit battle heats up

In response to Summit's inferred resource estimates for its Watta and Andersons deposits within the JV - released after market close on Friday - Paladin called it poor compared with historical resources...

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