Silver Lake intent on resolving Tuckabianna dispute

Company News

Silver Lake Resources Limited (ASX:SLR) is in a dispute with Resource Development Group Limited (ASX:RDG) subsidiary Pacer Corporation over the Tuckabianna project in Western Australia.

Pacer has been completing works on the project since being awarded a cost plus contract in December 2011, and says the overall scope of the project has increased in that time.

The industrial construction company says it does not agree with some statements pertaining to the project made by Silver Lake last week.

The disagreement relates to the approved expenditure on the project.

Silver Lake says it wishes to work together with Pacer to reach a mutually acceptable outcome.

Silver Lake Resources generated a net profit of $5.12 million in the first half of the current financial year.