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« Nevada: The Land of Silver | Main | Rick Rule - Savvy Investors Will Experience “Staggering” Gains »

Concerns over the sale of Australia's largest silver mine near Cobar

A group of companies that was interested in buying Australia's largest silver mine, near Cobar, says it is concerned it was brushed aside during the sale process. 

The Wonawinta Silver Mine project was acquired for $375,000 by Brisbane company Southern Cross Goldfields in September.

The company that previously operated the mine, Cobar Consolidated Resources, went into liquidation in March and the administration was given to PPB Advisory.

As part of the purchase agreement, Southern Cross also paid an environmental bond of $5.8 million to the state government.




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