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Korab Resources Limited ( (AU:KOR) ) just unveiled an announcement.
Korab Resources Ltd has announced that its subsidiary, Australian Copper Holdings Pty Ltd, has withdrawn its appeal against a District Court decision involving a claim against Mining Resource Development Corporation Pty Ltd. The company has settled the legal costs amounting to $67,500 and has no further liabilities related to this case. This resolution may positively impact Korab’s operational focus and financial stability, allowing it to concentrate on its core mining and exploration activities.
More about Korab Resources Limited
Korab Resources Ltd is an Australian mining and exploration company with projects such as the Rum Jungle Project in the Northern Territory, which includes the Winchester Magnesium Deposit and Sundance Gold Mine. The company is involved in the exploration of various minerals including gold, silver, copper, cobalt, nickel, lithium, and others, and is listed on the Australian Securities Exchange (ASX).
Average Trading Volume: 2,529,047
Technical Sentiment Signal: Sell
Current Market Cap: A$2.94M
See more insights into KOR stock on TipRanks’ Stock Analysis page.