Straits Resources says it hopes the sale of its Hillgrove mine near Armidale will soon be finalised.
The sale of the antimony and gold operation has already suffered a number of setbacks.
Emu Nickel was poised to buy the project in February – but was unable to raise the funds.
Bracken Resources now has 90 days to complete the $34-million deal, after signing an exclusive option agreement with Straits.
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