Peel saddles Mallee Bull

AFTER a decade as joint venture partners in New South Wales, Peel Mining and Toho Zinc’s CBH Resources have decided to part ways, with Peel raising A$17 million to exercise its pre-emptive right over the Mallee Bull deposit as part of a pivot from zinc to copper.

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Peel is taking control of Mallee Bull.

Peel managing director Rob Tyson told MNN that an unidentified third party had come knocking, and CBH had intended to accept the offer.