Uranium Explorer Looks For New Start

SMH reported Energy and Minerals Australia is restructuring its management team after finally settling a four year legal battle over its Mulga Rock project.

As quoted in the market news:

EMA said yesterday it agreed to pay Yarri Mining Pty Ltd $3 million to settle the dispute over tenements at the Mulga Rock deposit.

The dispute centred on objections by Yarri Mining about project licences and allegations that EMA had not paid the full amount over the tenements at the Mulga project.

Click here to read the f ull SMH report.