MANAGEMENT

Stalemate at Penny's Find with Brimstone appeal

WESTERN Australia's Supreme Court has dismissed an injunction by Brimstone Resources to prevent Penny's Find Joint Venture partner Empire Resources taking action over Brimstone's interest in the PFJV and other property, following Brimstone's failure to pay monies owed to Empire.

 Penny's Find open pit

Penny's Find open pit

The JV partners fell out over Empire's claims that Brimstone still owes it $1.02 million, which is meant to fund underground development at Penny's Find. Empire holds 60% of Penny's Find and acts as...

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