So after reading some reports, it turns out IBML wanted to develop Adelong, but one recalcitrant major shareholder put the kibosh on restructuring some debt and sent the project in to administration. Hence DDD picked up the whole lot for a song. It will still be a slow burn to restart production, but with Cosmo on the way and plenty of exploration to be funded by gold sales rather than CRs, DDD really is a no brainer IMO.
Adelong History - might point to the future !!, page-21
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