Mallee executes Avebury deal

FIVE months after it agreed to sell its problematic Bawdwin asset in Myanmar, and just weeks after announcing a partnership with UK-based Hartree Metals in a bid for the suspended Avebury nickel mine in Tasmania, Mallee Resources is back on the development path.

Mallee executes Avebury deal Mallee executes Avebury deal Mallee executes Avebury deal Mallee executes Avebury deal Mallee executes Avebury deal

Avebury has been well maintained since 2009

The pair's A$86 million cash and share bid under a deed of company arrangement has been accepted, which will see Mallee snap up the asset from the receivers at a time of record-breaking nickel prices

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