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3D Resources Limited ( (AU:ADG) ) has issued an announcement.
Adelong Gold Limited has issued a Deadlock Notice to Great Divide Mining Ltd due to a fundamental disagreement over the approval of the first annual programme and budget for the Challenger Gold Mine joint venture. Adelong Gold disputes the validity of the plan’s approval and has raised concerns about the adequacy of technical work and cost assumptions. The company is prepared to take legal action to protect its shareholders and is committed to resolving the dispute through mediation, emphasizing the need for a robust and technically supported work programme.
More about 3D Resources Limited
Adelong Gold Limited is a company operating in the mining industry, focusing on gold exploration and production. Its primary project is the Challenger Gold Mine, which it operates through a joint venture with Great Divide Mining Ltd.
Current Market Cap: A$11.24M
See more insights into ADG stock on TipRanks’ Stock Analysis page.