Australia's Wyloo Metals has vowed to make a superior offer for Canada's Noront Resources, whose Ring of Fire land package in Ontario late last month attracted a C$325-million offer from diversified major BHP.Wyloo, a unit of Australian mining magnate Andrew Forrest's Tattarang investment group, pointed out on Thursday that it had a 37.5% partially diluted interest in Noront and that BHP's bid was unlikely to satisfy the minimum mandatory tender condition without Wyloo's support."Wyloo Metals continues to firmly believe in the immense potential of the Ring of Fire and therefore does not intend to support or tender its Noront shares to BHP's offer," the company said in a statement.Read full news