"Urgent expressions of interest are sought for the sale or recapitalisation of the assets and business of Black Oak Minerals Limited.
The company entered administration on November 27, 2015 with Robert William Hutson, David Winterbottom and Jarrod Villani of KordaMentha being appointed administrators.
The sale is under instructions from receivers PPB Advisory.
The buyer of the company will be able to own two commissioned silver and gold mines that has operating assets in NSW Cobar region. Black Oak Minerals operates 600 ktpa WA plant and 650ktpa NSW plant. It also has a gold asset that is ready for development with WA granted mining approvals."