Opportunity to Acquire an Existing Producer of High-Quality Magnetite Located in the Northern Territory
KordaMentha was appointed by the secured creditor on 16 February 2024 to act as Receivers and Managers of Elmore Ltd (Administrators Appointed) (Receivers and Managers Appointed) and its subsidiaries (the Group). KordaMentha is seeking expressions of interest for the acquisition, or other such arrangement to the satisfaction of KordaMentha, of the Group.
Elmore is an ASX listed producer of high-grade magnetite concentrate, whose main asset is the Peko Project in the Northern Territory (the Project).
Elmore has direct access to c. 3.6Mt of tailings, containing c. 2.3Mt of magnetite with a focus on expanding into copper, cobalt and gold production in the future.
Interested Parties can register their interest and obtain further information on the sales process from:
Phone: +61 8 9220 9333
Email: [email protected]
Non-Binding Indicative Offers are due 2:00pm (AWST) Tuesday, 12 March 2024.
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