Marindi Metals has conceded defeat in its Supreme Court fight against Kidman Resources over rights to the Mt Holland lithium operation, but will receive a settlement payout from Rox Resources over a separate matter.

Perth-based Marindi said this morning that, after considering the Supreme Court’s determination earlier this month, there was no formal lithium rights agreement between the company and Kidman and it would not lodge an appeal on the matter.

“A decision on costs will be determined in chambers following submissions by the parties in the coming weeks,” Marindi said.

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