CONSOLIDATED Minerals has increased its stake in Titan Resources by more than 5 per cent to now control nearly 19.81 per cent of the company.
According to a statement to the Australian Stock Exchange, ConsMin paid more than $429,000 for the transaction.
ConsMin managing director Michael Kiernan is reported to have indicated he does not wish to acquire any more of Titan.
The interest in Titan comes after a joint venture arrangement the two local companies announced in January for the exploration of the Munda tenement in the Widgiemooltha area near Kambalda.
© Business News 2018. You may share content using the tools provided but do not copy and redistribute.