MZI Resources has settled a legal fight with Stirling Resources over a suite of mineral sands tenements on the Tiwi Islands and in the Northern Territory.
Redbank Copper shares had a lukewarm return to trading today, closing at 0.4 cents after a major restructuring and recapitalisation led by investor Michael Fotios.
Long-running efforts by Michael Fotios' investment company Investmet to revive Swan Gold Mining and related companies Stirling Resources and Redbank Copper have hit a major hurdle.
Stirling Resources has extended its financial relationship with Austrian commodities trader DCM DECOmetal, raising $10 million to acquire Matilda Minerals mineral sands assets.
Subiaco-based Stirling Resources has teamed up with Indian resources company NMDC to jointly identify, acquire and develop coking coal and iron ore investments in Australia and New Zealand.
Stirling Resources has expanded its resources investments with a $4.8 million investment in the assets of collapsed mineral sands miner, Matilda Minerals.
Shares in the Michael Kiernan-led Stirling Resources have been placed in a trading halt pending an acquisition announcement, speculated to be one of Mr Kiernan's former companies.
