OD6 Metals (ASX:OD6) said its unit Gulf Creek Copper will pay AU$7,500 as a penalty for its offences for breaching section 378D of the Mining Act 1992, following a probe by the New South Wales Resources Regulator, according to a Thursday Australian bourse filing.
By paying the penalty, Gulf Creek Copper will not be liable to any further proceedings, the filing added.
The company said it intends to make the payment and considers the regulator's investigation concluded.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.