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BRIEF-Centaurus Metals updates on alliance to secure new Aurora copper project

Published 24/09/2015, 08:44 am
© Reuters.  BRIEF-Centaurus Metals updates on alliance to secure new Aurora copper project
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Sept 23 (Reuters) - Centaurus Metals Ltd CTM.AX :

* Strategic alliance to secure new Aurora copper project CTM.AX

* Finalised terms to form a strategic alliance with Terrativa Minerais SA (TA), one of Brazil's private exploration groups

* Centaurus will issue shares to the value of A$150,000 to TA to acquire an initial 30% interest in the Aurora project

* Says numerous cost synergies are planned to be extracted by both parties under the strategic alliance

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