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Forrest declines latest Impact investment

HAVING recently being buying shares in Fortescue Metals Group and looking at picking up swathes of ground in the Canning Basin for oil and gas, Andrew Forrest has decided not to take up rights for base and precious metal projects in the Broken Hill and Cadia regions of New South Wales.

Michael Quinn
Forrest declines latest Impact investment

Under an agreement reached in July 2015, Forrest’s Squadron Resources could have earned 19.9% of the two projects being explored by Impact Minerals by committing to spending $A1 million at each. Instead...

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