REGULATION

Empire strikes back as incumbent board wins legal case

THE incumbent board at ASX-listed Empire Resources have had a legal win with a court of appeal dismissing the attempt by joint venture partner Brimstone to prevent Empire recovering what it claims is more than A$1 million owed from the pair’s open pit mining venture at Penny’s Find near Kalgoorlie.

 Mining at Penny's Find

Mining at Penny's Find

Empire said it will now exercise its rights under the mortgage and security documents to appoint a receiver to Brimstone's interest in the 60:40 Penny's Find JV "and other means available to it to recover...

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