Empire Resources Ltd ("Empire" or "Company", ASX code: ERL) holds a 60% interest in and acts as Manager for the Penny's Find Joint Venture ("PFJV") that owns and operates the Penny's Find gold mine, located 50km northeast of Kalgoorlie in Western Australia. The remaining 40% interest is held by unlisted Brimstone Resources Ltd ("Brimstone").
As announced to the ASX on 7 June 2018 Brimstone had sought an injunction from the Supreme Court of Western Australia to prevent Empire taking action under the mortgage and security documents it has over Brimstone's interest in the PFJV and other property following Brimstone's failure to pay monies owing to Empire.
The matter was heard before the Supreme Court earlier today and the presiding Judge has dismissed the injunction brought about by Brimstone
Empire Resources Ltd ("Empire" or "Company", ASX code: ERL)...
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