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Court orders Kidman, Marindi into mediation over lithium project dispute

Kidman Resources Ltd. and Marindi Metals Ltd. have been ordered by the Supreme Court of Western Australia to attend mediation to resolve a dispute over the lithium rights at Kidman's Mount Holland project.

Kidman said Jan. 19 that it remained confident of a favorable outcome to the dispute following the directions hearing that took place the same day.

Marindi launched legal action against Kidman in mid-November 2016, claiming that the two companies struck a deal under which it holds an option to acquire the lithium rights at the Earl Grey deposit.

However, Kidman said it considers Marindi's allegations over the Earl Grey deposit to be opportunistic and has commenced a vigorous defense of its position.

A trial date has been set for May 29.