Rio sells Mt Davies stake

Metals X takes ownership of nickel and cobalt deposit in South Australia.

Metals X (MLX) has acquired Rio Tinto's (RIO) interests in the Mt Davies joint venture, a South Australian tenement with nickel and cobalt deposits.

In a statement to the Australian Securities Exchange, Metals X chief executive officer Peter Cook said the acquisition consolidated the whole Wingellina Layered intrusive complex into one entity.


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