Zuleika Gold: Wins K2 project earn-in dispute against Vango Mining (ASX:VAN)

Zuleika Gold Wins K2 project earn-in dispute against Vango Mining (ASX:VAN)

• Zuleika Gold (ZAG) wins its legal battle with Vango Mining (VAN) over a 2017 earn-in deal for the Keillor 2 (K2) project in Western Australia
• Zuleika says the WA supreme court ruled in the company’s favour on “all material aspects of the litigation”, confirming its 4.1 per cent beneficial interest in the project
• Zuleika launched legal action against Vango back in 2020 after it alleged Vango breached the terms of a binding terms sheet (BTS) between the two companies
• Today, a Supreme Court judge ruled that Vango breached the terms of and wrongfully repudiated the BTS agreement
• Shares in Zuleika are up 16.67 per cent and trading at 2.1 cents at 3:32 pm AEDT, and Vango shares are grey at 3.7 cents