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Straits divests of NSW assets

6th October 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Copper developer Straits Resources has inked an agreement with fellow-listed Sandfire Resources to buy its wholly owned Temora and Currumburrama exploration projects, in New South Wales, for A$2.5-million worth of Sandfire shares.

The Temora project comprises two exploration tenements and the Currumburrama project one tenement.

Sandfire would enter the Currumburrama project through a joint venture agreement, the details of which were not revealed.

Straits on Tuesday said the completion of the sale was subject to various conditions, including Ministerial consent.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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