M&A

Orminex caught in Burbanks blowback

GBF Mining has contested Maximus Resources' termination of a lease-own deal for the contractor buy a half share stake in the Burbanks mill near Coolgardie, after Maximus agreed to sell the mill to Adaman Resources for A$5.8 million, claiming the earlier deal was taking too long to consummate.

Burbanks.

Burbanks.

      Maximus has dealmaker Michael Ruane breathing down its neck trying to change the board, and shifting its failed toll milling strategy seemed like offering the Adelaide-based junior's directors...

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