Australian resources company Meridian Minerals Limited (“Meridian” or “Company”) (ASX: MII) announced on 18 February 2011 that it had entered into a non-binding Heads of Agreement (“HoA”) to acquire a 75% interest in the non-alluvial assets of Russian gold company, ZAO ZRK Omchak (“Omchak”), from UK listed Petropavlovsk PLC. Meridian and Petropavlovsk PLC have now agreed that the due diligence study will now continue on a non-exclusive basis as from 11 August 2011.
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