Oakajee deal terminated

Padbury Mining have today released a statement on the Australian Stock Exchange website saying they have, "signed a deed of termination and release" in relation to the Oakajee agreement.

This comes after the company released a statement earlier this month saying unnamed investors would be behind the funding, later to reveal that ASH and Superkite were to fund the $6.47 billion deal.

Today's statement also said Padbury Mining will, "continue to actively explore all available opportunities to exploit its existing intellectual property with respect to the Oakajee Project."