Ann some six months overdue and not what MDS was looking for
Sydney - Wednesday - Dec 22: (RWE Australian Business News) - Midas Resources Ltd (ASX:MDS), Giralia Resources NL (ASX:GIR) and private company MPF Exploration Pty Ltd have received advice from the Director General of Mineral Titles that the WA Minister for Mines and Petroleum has terminated the Paterson Joint Venture's (PJV) tenement applications in the Nifty area. Although dated December 17, a copy of the departmental letter was not received by Midas until after the market closed yesterday. The PJV is seeking further legal advice as to what appeal avenues are available. Outside the PJV, Midas's 100pc-owned exploration licence applications in the Paterson Range area (E45/3467-8, E45/3768) are not affected by the ministerial decision, and are proceeding to grant in the normal way.
MDS Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Held