Medusa Mining Limited (ASX:MML) will not go any further with an exploration venture in the Prek Kampi region of Cambodia.
A Memorandum of Understanding (MOU) with SEA Resources that might have resulted in Medusa taking a 70% stake expired on March 1.
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An earn-In agreement could not be finalised by the MOU deadline, said Medusa, though it remains keen to expand its presence in South East Asia as part of its longer-term strategic diversification plan.