ConsMins deal provides cash flow opportunity

摘要

The recent deal with Consolidated Minerals Ltd will not only unlock the key at Titan Resources Ltd's Armstrong nickel mine in Western Australia, but provide a potential cash flow opportunity for the junior. Titan managing director Jeffrey Gresham said the deal with ConsMins gives Titan the opportunity to generate cash flow through the potential purchase of 50 percent of the open pit and any underground development at Armstrong. "Titan has come through a difficult time but has the cash resources now to pursue a fairly active and focused exploration program at Widgiemooltha," he said.