Legal On 13 July 2023 Barton published a preliminary response to claims by Marmota Limited (ASX:MEU) in respect of the Western Gawler Craton Joint Venture (WGCJV) and noting its intention to issue proceedings against the Company if its claims are not resolved by 3 August 2023.
On 3 August 2023 Barton provided a further, more detailed response to Marmota’s claims and confirmed that Barton had offered Marmota a proposed settlement of the outstanding dispute. On 1 September 2023 Barton advised the market that its offer had lapsed, and that Barton had issued a notice withdrawing from the WGCJV with effect 45 business days from the date of service.
Barton has obtained legal advice and is of the view that Marmota’s claims are without merit. The Company has not received any notice of proceedings. Barton will provide further updates in due course.
Jan 24 Q:
Legal On 3 August 2023 Barton published responses to claims by Marmota Limited (ASX:MEU) in respect of the Western Gawler Craton Joint Venture (WGCJV) and noting its intention to issue proceedings against Barton if its claims are not resolved by 3 August 2023.
Barton has obtained legal advice, is of the view that Marmota’s claims are without merit, and has not received any notice of proceedings
Last Mention of ANY MEU-related legal matters, July 24 Quarterly:
Legal On 1 September 2023 Barton announced the rationalisation of minority joint venture interests, including its withdrawal from the WGCJV and the All Minerals JV (aka Sandstone JV). Pursuant to the All MineralsJV withdrawal the Company applied to transfer its 90% ownership in tenements EL 5998 and EL 6569 to Coombedown Resources Pty Ltd (Coombedown 10% balance owner) and has been informed that this transfer was approved and completed on or about 11 April 2024.
Barton has also now fully assigned to Coombedown (100% MEU) Barton’s interest in a Native Title Mining Agreement (NTMA) for Exploration relating to ELs 5998 and 6569 and accordingly has no further interest in these tenements.
BGD Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
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