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Monument Mining Says Tuckanarra Joint Venture Agrees to "Expedited" Timetable to Resolve Dispute

Monument Mining Says Tuckanarra Joint Venture Agrees to "Expedited" Timetable to Resolve Dispute

MT newswireMT newswire2026/10/20 17:25
01:25 PM EDT, 10/20/2026 (MT Newswires) -- Monument Mining (MMY.V) said on Tuesday that Tuckanarra Resources applied for an interlocutory injunction to prevent it from appointing a replacement manager for the Tuckanarra Gold Project in Western Australia. The parties have agreed interim arrangements and an expedited timetable for resolution of the dispute, a statement said. Tuckanarra Resources has an 80% interest in the Tuckanarra project joint venture, with Monument holding the remaining 20% through a subsidiary under a 2020 agreement. Last week, Monument issued a notice removing Tuckanarra Resources as joint venture manager. The dispute dates back to Aug. 25 of this year when Monument said Tuckanarra had breached the joint venture agreement by signing a toll milling agreement with a third party without its authorization or consent. Monument Mining shares were unchanged at CA$0.76, on the TSX Venture Exchange.
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