Herdsman-based Olympia Resources Ltd is undertaking a strategic review of its projects in light of the current financial crisis while chairman Mal Randall steps down.
West Perth-based iron ore company, Territory Resources Ltd, has lifted its stake in mineral sands producer Olympia Resources today with an increase in its share holding up from 47.29 per cent to 50.03 per cent.
Territory Resources, the iron ore company headed up by WA mining businessman Michael Kiernan, has lifted its stake in mineral sands producer Olympia Resources, following Olympia's rejection of its $15.5 million take over bid yesterday.
Michael Kiernan-chaired Territory Resources Ltd has acquired about 14 per cent of Herdsman-based mineral sands miner Olympia Resources Ltd, causing Olympia's share price to rise sharply for the second day running.
