Western Mines Group (ASX:WMG) entered into a memorandum of understanding (MOU) with Magnium Australia to collaborate on the potential supply of magnesite from the Mulga Tank project in Western Australia, according to a Thursday filing with the Australian bourse.
The company will define the extent of the magnesite cap at the project and provide samples to Magnium Australia for test work, with the two parties aiming to negotiate a formal supply agreement at a later date, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.