Korab receives second proposal to fund Australian magnesite project
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,
In a statement, Korab said that the unnamed proponent was a
respected mining contracting company, which would fully fund
the magnesite quarry to the...