Newfield Resources (ASX:NWF) Receives Termination Notice from Octea
Termination Notice
Newfield Resources Limited (ASX:NWF) has received a termination notice from Octea Limited to end the Tribute Mining and Revenue Share Agreement for the Tonguma mining licence in Sierra Leone, citing a lack of activities and progress by Sierra Diamonds Limited, its 100% subsidiary.
Company Response
The company is seeking legal opinion on its rights and options under the agreement and will continue to release updates as the matter progresses.
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