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UMR notes progress at Namibia copper project, despite delay in concluding legal documents
London-listed Unicorn Mineral Resources (UMR) expects to sign legal documentation for its acquisition of a controlling stake in the Klein Aub copper mine, in Namibia, along with 5.6-million tonnes of slimes and tailings, by the end of June. UMR in November last year signed conditional heads of terms to acquire a 75% stake in the Klein Aub mine for R26.5-million, or about £1-million. At the time, the company said it would initially target the extraction of copper and silver from the slimes and tailings when the acquisition was concluded. A corporate reorganisation of the vendor's group in April this year delayed the ... (full story)
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- Jun 8, 4:33am | 2 hr 36 min ago Posted byFundamental Analysis38
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