ASX-listed junior Korab Resources on Tuesday told shareholders that the company had started a review of various corporate restructuring options, with a view to maximise shareholder wealth and the opportunities for shareholders to directly participate in the expected growth of subsidiary AusMag.
The review followed from a December memorandum of understanding (MoU) with a representative from the Chinese steel industry, which could result in funding for the development of the Winchester magnesite mine, in the Northern Territory.
