Musgrave takes full ownership of Cue

ASX-listed Musgrave Minerals has exercised its pre-emptive rights over the Cue joint venture (JV), in Western Australia, taking full ownership of the project. In June, JV partner Silver Lake Resources announced that it had agreed to sell its interest in the project to fellow-listed Westgold Resources for a cash consideration of A$1.5-million. However, the sale had been subject to Musgrave not exercising its pre-emptive right.