Dec 24 (Reuters) - Speciality Metals International Ltd SEI.AX :
* CO IN TALKS WITH CRONIMET HOLDING GMBH FOR CONDITIONAL PARTICIPATION FOR DEVELOPMENT OF MT CARBINE TUNGSTEN PROJECT
* CRONIMET TO ADVANCE US$3.5 MILLION FOR DEFINING DELIVERY OF TUNGSTEN CONCENTRATE FROM MT CARBINE TUNGSTEN PROJECT
* CO ALSO IN TALKS TO ENABLE PURCHASE OF MT CARBINE QUARRY AND MINING LEASES, ML4867 AND ML 4919
* TO PURCHASE 100 PERCENT OWNERSHIP OF MT CARBINE QUARRY ,WITH MINING LEASES ML 4867 AND ML 4919 FOR $8 MILLION