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PMA sells 9.9pc of Windimurra
WEST Perth-based mineral explorer Precious Metals Australia Ltd has received $13.5 million from the sale of a 9.9 per cent interest in subsidiary Windimurra Vanadium Pty Ltd to Noble Resources Ltd. In addition to the direct investment in Windimurra, the company is now able to call at any time on a three year, unsecured convertible note worth $8.2 million. The investment by Noble in Windimurra provides additional funding for the development of the project. Precious Metals has also finalised an agreement with South African-based Drytech International for the design and manufacture of new vanadium processing equipment, worth $20 million, for its 90 per cent-owned Windimurra Vanadium Mine in the state’s Mid-West region.
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Share Price
Closing price for the last 90 trading days
Source: Morningstar
Revenue
| 483rd |  | Titanium Sands | $0 |
508 listed resources companies ranked by revenue.
Source: Morningstar
Source: Morningstar
Remuneration from Titanium Sands
| 1300th | Jason Ferris | $44k |
| 1551st | Lee Christensen | $13k |
Ranked by total remuneration from all listed WA companies
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Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
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Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
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