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In This List

Metals X denies speculation of Rover copper-gold project sale

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Metals X denies speculation of Rover copper-gold project sale

Metals X Ltd.has denied speculationthat its Rover copper-goldproject at Tennent Creek in the Northern Territory is up for sale. 

The company said July 11 that several third parties had expressedinterest in Rover but that the asset was "by no means a required or desireddivestment." While not being a priority asset and the least advanced withinits portfolio, Metals X flagged that Rover "does remain material to the golddivision's asset base at this stage."

Australian publications, including The West Australian and The Australian Financial Review, had previouslyreported that Metals X considered selling Rover after receiving several expressionsof interest.

Metals X confirmed it had received interest from third partiesboth directly and through agents and said that, "in a prudent manner,"it has engaged Prime Corporate Finance (PCF) to deal with these.

"As with all the assets in the company, the board wouldconsider all firm offers capable of acceptance from third parties and appropriatelyassess these in the best interest of its shareholders," the miner added.