Straits Resources is still seeking a buyer for the Mt Muro Gold Project in Kalimantan with no firm offers to purchase received.

The project has been on care and maintenance since August 2, 2013 with the ASX-listed company forced to retrench the workforce as of January 1. Pumping of the pit was stopped to allow it to flood, preventing access by illegal miners.

The debt restructure has been completed and the parent company guarantee removed.

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