Bathurst Resources Ltd (AU:BRL) has released an update.
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Bathurst Resources Ltd is currently addressing a protracted legal dispute with L&M, with the latest appeal heard in May 2024 concerning potential payment obligations under a 2010 sale and purchase agreement. The New Zealand Supreme Court previously ruled in favor of Bathurst, allowing them to defer Performance Payments, a decision whose implications are still being debated in court. The company has assured stakeholders that it will comply with its financial obligations as per the agreement and will continue to assess the economic viability of its mining operations.
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