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Opportunistic move by European Lithium

Posted on - 10 Jun 2022

Category - Finance/M&A

European Lithium’s (ASX:EUR) move to pluck the Avebury mine out of Mallee Resources’ (ASX:MYL) hands looks like an interesting one. While it probably says something about the state of EUR’s European lithium project that it’s going fishing for assets in other materials, we won’t discuss that here! The Avebury asset, consists of an underground mine and processing plant which has been idled since 2008. There’s still a substantial nickel resource in play and, if EUR can secure the operation, this looks like a very good deal. There are a number of conditions that would need to be met so the...

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Topics

Avebury European Lithium IGO M&A Nickel Noront Western Areas Wyloo Metals