One needs to follow the money trail with Mawarid Mining.
Recently they have become the third largest investor in Nautilus Minerals Inc which is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits in PNG.
I believe they may just make an on market bid for Amazon Bay ironsands PNG which is as i understand it an ASX listed entity and is an onshore and offshore deposit.It would seem logical who knows.
Watch this space.
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