MCT 11.4% 3.1¢ metalicity limited

Ann: Opportunity to Acquire World Class Admiral Bay Zinc Project, page-10

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  1. 219 Posts.
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    Kimberley is an 80% owned subsidiary of MCT not a separate entity purchasing the asset.

    from the last half yearly:

    "During the financial year end 30 June 2021, following an extensive process to divest the Admiral Bay Project,
    which is currently held by the Group’s ~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 Admiral Bay Project to $nil.
    Expenditure incurred in each period subsequent to the Board electing to put the Admiral Bay Project on care and
    maintenance is fully impaired at the end of each period."
 
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