The owner of the mining licence surrounded by the Triumph project is selling.
Mantle Mining (mnm) calls the tenement and mine 'Norton' and has been looking to offload it for a while. Their latest update states they have received competitive offers for their Queensland gold assets of which Norton is the best asset.
My best guess is that Metalbank would have to be the logical winner of any competitive bidding for the project as they have some spare cash to buy and Norton is worth more to Metalbank as an option for early cashflow with the benefit of being able to seamlessly expand the mine into Metalbanks Triumph tenements.
Keep watching this space.
Resource Global Network Magazine article, page-4
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