Korab receives second proposal to fund Australian magnesite project

By Liz Gyekye
Published: Monday, 22 June 2015

The junior has received a second pitch to fund its magnesite quarry based near the south of Darwin. Korab aims to supply a range of sectors, including the magnesia feedstock market.

ASX-listed Korab Resources has received a second proposal from an unrelated party to fund its Winchester magnesite mining project in the Northern Territory, 70km south of Darwin, Australia.
In a statement, Korab said that the unnamed proponent was a respected mining contracting company, which would fully fund the magnesite quarry to the...

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