Kimberley Mining Limited – Admiral Bay The asset is currently on care and maintenance and the Group has engaged with numerous entities to affect a deal to monetise its holding in Kimberley Mining. During the period ended 31 December 2020, following an extensive process to divest the Admiral Bay project, which is currently held by the ~80% owned subsidiary, Kimberley Mining Limited, the Board elected to put the Admiral Bay project on care and maintenance and impair the carrying value of the Project to nil. The Group is now looking to concentrate on the Kookynie and Yundamindra gold projects and can confirm that the Admiral Bay Project is no longer its core business.
MCT Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held