Ruling puts Kidman-SQM mine in doubt

KIDMAN Resources and SQM have a nervous wait ahead to find out if they have the rights to develop the massive Earl Grey lithium resource.

Ruling puts Kidman-SQM mine in doubt Ruling puts Kidman-SQM mine in doubt Ruling puts Kidman-SQM mine in doubt Ruling puts Kidman-SQM mine in doubt Ruling puts Kidman-SQM mine in doubt

It comes after the Western Australian Warden's Court ruled on Wednesday made a recommendation that subsidiaries held by Kidman were not exempt from minimum expenditure obligations.

Applications were made to the court for the period from August 2014 to March 2016 - before the project was owned by Kidman -covering 13 tenements within the Mt Holland project.

Former owner Convergent Minerals was in administration and failed to meet minimum expenditure requirements.

The matter was heard in November 2017.

Kidman previously said the claim was opportunistic and without merit, based on legal advice.

Kidman has been in a trading halt since Wednesday.

Its 50% Mt Holland partner, SQM, noted yesterday that the tenements were a requirement for the de...