JOHANNESBURG (miningweekly.com) – ASX-listed PNX Metals has completed the sale of the Leigh Creek copper mine, which has been on care and maintenance for almost five years, to Resilience Mining Australia.
Leigh Creek holds three mining leases, including Mountain of Light. The sale relieves PNX from all rehabilitation obligations at the Mountain of Light mining lease.
The company is to receive a $100 000 payment when 3 000 t of copper are produced from future operations by Resilience Mining on any of the mining leases.