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Marindi's sale of Bellary Dome gold project falls through

Lithium-focused Marindi Metals Ltd.'s deal to sell its Bellary Dome gold project in Western Australia's Pilbara region to Pacton Gold Inc. fell through, Marindi said Aug. 10.

The companies signed a binding letter of intent in June, with Pacton expected to acquire Bellary Dome exploration license 47/2555, prospective for conglomerate gold, over 18 months.

Marindi said negotiations came to an end after the terms outlined in the letter of intent were not converted into a binding definitive agreement, and exploration had continued during the talks.

The company is focused on its Forrestania lithium-gold project in Western Australia, where drilling is ongoing.