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Medusa Mining ends Cambodian interest

A Memorandum of Understanding with SEA Resources that might have resulted in Medusa taking a 70% stake expired on March 1

Mining Helmets
Medusa says it remains keen to expand its presence in South East Asia

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.

READ: Medusa Mining's production rises as grades tick up

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.

Quick facts: Medusa Mining

Price: 0.835 AUD

ASX:MML
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Market Cap: $173.51 m
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