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Atherton clock is ticking

Zinc hopeful Atherton Resources (formerly Mungana Goldmines) evidently has a great project in the right commodity in Queensland. But its problematic capital structure could become existential if it’s not solved in the short term.

To sum the problem, Atherton’s majority owner Kagara Zinc is in liquidation and the fear is Kagara’s stake in Atherton could fall into private equity hands – leading to Atherton’s demise.

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