Xstrata Nickel Australia (XNA), a wholly-owned subsidiary of Canadian-based miner Xstrata, has announced an extension to its takeover offer for Australia's Jubilee Mines.
The offer has been extended to 15 February 2008, and is subject to further extension.
XNA says it has an interest in 47.57 percent of total issued shares.
The company will review its conditions to the offer by 31 January 2008.
Jubilee Mines owns and operates the Cosmos Nickel Project in the North Eastern Goldfields of Western Australia and focuses on high-grade nickel sulphides.
By staff writer
