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Middle Island buys chunk of Alto

MIDDLE Island Resources has acquired 10% of its Sandstone neighbour Alto Metals.

Kristie Batten
Middle Island's Sandstone plant

Middle Island's Sandstone plant

The company said the stake was purchased on-market at A9.5c per share. It comes Middle Island tried to acquire Alto in a scrip bid valuing Alto at about 4.8c per share last year. The offer lapsed...

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