Chinese miner Zijin, which recently acquired local miner Norton Gold Fields, launched an offer for explorer Phoenix Gold in June, and shortly after Evolution increased its foothold in the company to 19.8 per cent, sparking a potential battle for the local junior.
Mr Klein would not comment on the company's next steps but a bidder's statement from Zijin is expected soon.
Zijin Mining executive director George Fang told reporters at the conference its process with Phoenix was ongoing, declining to provide any further detail.
PXG Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
