Metex

West Perth based mineral exploration company Metex Resources Ltd, has secured $11 million through share placement with chemical and fertilizer group Incitec Pivot Ltd.

West Perth-based Metex Resources Ltd will move to full ownership of Carbon Energy Pty Ltd and its underground coal gasification technology after agreeing to buy out the CSIRO for around $41 million in cash and scrip.

Metex Resources Ltd has reached agreement to buy out its 50 per cent partner in its joint venture company Carbon Energy Pty Ltd, currently owned by CSIRO.

METEX Resources NL is set to reap the rewards of its long-term commitment to WA's prospective Laverton region after positioning itself to monetise the Chatterbox oxide gold resources through a key mining and processing agreement with the managers of the n