Rutila Resources and Flinders Mines ASX announcements

 

12 May 2014

Todd and Rutila are joint venture partners in the development of a potential rail and port infrastructure project for a stranded magnetite iron ore deposit in the Pilbara district of Western Australia. The deposit is owned by Flinders mines, in which Todd holds a 19.9% stake.

Todd has launched an off-market takeover bid for all the shares in Rutila which it does not already own. Click here to read the full ASX announcement.

In addition, Todd has purchased the option to gain exclusive access to the Flinders iron ore deposit to undertake exploration and feasibility work. Click here to read the full ASX announcement.