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BRIEF-Auris Minerals Says Entered Into Farm-In Agreement With Sandfire Resources Nl

Published 20/09/2019, 09:05 am
Updated 20/09/2019, 09:10 am
BRIEF-Auris Minerals Says Entered Into Farm-In Agreement With Sandfire Resources Nl

Sept 20 (Reuters) - Auris Minerals Ltd AUR.AX :

* ENTERED INTO A FARM-IN AGREEMENT WITH SANDFIRE RESOURCES NL

* FARM-IN AGREEMENT WITH SANDFIRE TO ADVANCE EXPLORATION AT CO'S CASHMAN PROJECT IN BRYAH BASIN OF WESTERN AUSTRALIA

* SANDFIRE HAS RIGHT TO EARN 70% INTEREST IN CO'S CASHMAN TENEMENTS E51/1053, E51/1120 ON DISCOVERY OF MINIMUM 50,000 TONNES CONTAINED COPPER

* UNDER DEAL, SANDFIRE MUST SPEND MIN $1.2 MILLION ON EXPLORATION WITHIN FIRST 12 MONTHS, ISSUE CO 30,000 FULLY PAID ORDINARY SFR SHARES

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