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Minara Resources Ltd - 16-Jun-05

Committee of Creditors approved the acceptance of a cash offer of $3million from Minara for Sons of Gwalia’s interest in the Non Gold Projects - Eulaminna Tenements east of Leonora, Coglia Well Nickel – Cobalt Project, Weld Range Platinum Group Minerals JV, Weld Range General Minerals JV, Forrestania/Bounty Nickel Royalty.

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