https://www.miningweekly.com
Copper|Exploration|Gold|Power|PROJECT|Resources
Copper|Exploration|Gold|Power|PROJECT|Resources
copper|exploration|gold|power|project|resources

Sandfire hunts for copper on Auris ground

20th September 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Copper miner Sandfire Resources has struck an earn-in agreement with junior Auris Minerals over the Cashman project, in the Bryah basin.

Under the terms of the agreement, Sandfire could earn a 70% interest in the project by making a discovery of a minimum 50 000 t of contained copper, or metal equivalent and the completion of a feasibility study.

Sandfire will be required to spend a minimum of $1.2-million on exploration within the first 12 months of the earn-in, and would issue Auris with 30 000 fully paid ordinary shares, while Auris would retain a 30% free-carried interest in the project until the earn-in is complete.

Auris CEO Mike Hendriks on Friday said that the company was delighted to be partnering with Sandfire, which brings significant technical experience and funding power.

“Cashman is located in one of the most prospective copper/gold regions in Western Australia, with multiple targets considered highly prospective for mineralisation already identified; leveraging Sandfire’s wealth of technical knowledge and resources to expedite exploration is a highly strategic move.”

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.227 0.267s - 113pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: