Jan 31 (Reuters) - Austin Exploration Ltd AKK.AX :
* Austin to divest of non-core assets in Texas and Mississippi AKK.AX
* Company agrees to the sale of birch property in Texas in all cash deal for
aud$1.5 million
* Proceeds from sales will also significantly reduce debt profile - Austin well
placed to leverage low cost advantage
* Company can drill and complete a pierre well for approximately USD$500K
* Source text for Eikon ID:nASX4mSKVk
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