MinRes walks away from Lake Johnston deal - Australian Mining

Australian Mining

MinRes walks away from Lake Johnston deal - Australian Mining

Image: Adwo/shutterstock.comMineral Resources (MinRes) will not proceed with its acquisition of Poseidon Nickel’s Lake Johnston nickel concentrator and tenures in Western Australia. Poseidon announced it had received a notice of termination from MinRes on May 8 regarding the binding heads of agreement both companies entered on March 15. The agreement announced in March would have seen MinRes acquire the Lake Johnston tenure outright, including …