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Article: Conquest Mining (ASX:CQT) Rejects Gold Fields' Offer To Increase Investment at Mt Carlton; Activates Dispute Resolution Process To Expedite Regional Exploration
- Article from:
- abnnewswire.net
- Article date:
- August 12, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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The Board of Conquest Mining Limited (ASX:CQT)(PINK:CQMLF) advises that it has initiated a dispute resolution process with regard to its Mt Carlton Farm-in and Joint Venture Exploration Agreement (JVA) with Gold Fields Australasia Pty Ltd (GFA).
The JVA relates to regional exploration of the Mt Carlton gold-silver-copper project in North Queensland and excludes Conquest's 100% owned Silver Hill deposit.
The dispute process, which is provided for under the terms of the JVA, has been commenced following efforts by Conquest to clarify GFA's commitment to progress exploration of the regional tenements in a timely manner.
It also follows a decision by Conquest's Board to reject a proposal by GFA ...