Oct 30 (Reuters) - Sandfire Resources SFR.AX :
* ACQUISITION OF INTEREST IN RED BORE COPPER PROJECT,OAU-SFR.AX
* ANNOUNCES ACQUISITION OF 85% INTEREST IN RED BORE PROJECT
* WILL MAKE CASH PAYMENT OF $1.25 MILLION TO INDIVIDUAL
* UPON SANDFIRE REACHING A DECISION TO MINE, ORA GOLD HAS A PUT OPTION TO SELL ITS RETAINED 15% INTEREST