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The latest update is out from Newfield Resources Ltd. ( (AU:NWF) ).
Newfield Resources Limited announced it has received a termination notice from Octea Limited regarding the Tribute Mining and Revenue Share Agreement for the Tonguma mining license in Sierra Leone, due to a lack of activities and progress by its subsidiary, Sierra Diamonds Limited. The company is currently seeking legal advice on its rights under the agreement and will provide further updates as the situation develops.
More about Newfield Resources Ltd.
Newfield Resources Limited is a company involved in the mining industry, with a focus on diamond production. It operates through its subsidiary, Sierra Diamonds Limited, and holds a mining license for the Tonguma project in Sierra Leone.
YTD Price Performance: -1.11%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$83.72M
See more data about NWF stock on TipRanks’ Stock Analysis page.