PERTH-based mineral sands producer Olympia Resources has rejected Territory Resources takeover cash bid, saying its offer was less than half of what it should be according to an independent expert.
Shares in Olympia Resources got a much-needed boost this week after the company received approval from the state’s environmental watchdog for the development of a mineral sands mine at Keysbrook, 70 kilometres south of Perth.
Herdsman-based Olympia Resources Ltd has signed a joint venture agreement with Island Minerals Pty Ltd to carry out exploration on the private company's zircon and gold tenements.
Perth-based mineral sands explorer Mineral Sands Ltd will earn 80 per cent of three Eucla exploration licences held by Herdsman-based Olympia Resources Ltd by spending around $360,000 on exploration, under a farm-in agreement signed today.
Herdsman-based mineral sands explorer Olympia Resources Ltd has announced plans to construct a $3.1 million zircon processing plant at the company's Banjarmasin project in Indonesia, following positive feasibility studies.
Herdsman-based mineral sands explorer Olympia Resources Ltd has raised $3.134 million to fund the development of the Keysbrook Mineral Sands and Harts Range Garnet projects.
Olympia Resources has signed access agreements to explore on three highly prospective zircon tenements in the mineral-rich Indonesian province of Kalimantan.
Perth-based mineral deposits miner Olympia Resources today announced the signing of a long-term zircon supply contract at its flagship mineral sands project at Keysbrook south of Perth.
JUNIOR minerals explorer Olympia Resources has completed a bankable feasibility study into its Keysbrook mineral sands project, where it expects to be mining next year.
Olympia Resources gained some exposure in the Northern Hemisphere this month, promoting its planned Northern Territory garnet project one-on-one and at an industrial minerals conference in Canada.
When Olympia Resources realised the quantity and quality of its resource in the Northern Territory last year, it moved quickly to advance plans for the world’s only Australian-owned garnet operation.
25 Feb 2003
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