Cashed-up Heron seeks link with new projects
Heron Resources is seeking new acquisitions after failing to clinch a deal that would have blocked Conquest Mining’s takeover of North Queensland Metals.
Heron Resources is seeking new acquisitions after failing to clinch a deal that would have blocked Conquest Mining’s takeover of North Queensland Metals .
The Australian Financial Review understands that Heron, which had $56 million in cash at the end of June, proposed buying Heemskirk Consolidated’s 40 per cent stake in the Pajingo goldmine in Queensland and then allowing NQM to take it over.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commodities
Fetching latest articles