Ore Resources Agrees to Acquire Additional Tenure at Western Australia Project
MT Newswires Live
May 28
Ore Resources (ASX:OR3) signed an option agreement to acquire additional tenure at the Miriam project, part of its Coolgardie projects in Western Australia, according to a Thursday filing with the Australian bourse.
The company agreed to acquire six tenements next to its current landholdings at the Miriam project, with an exclusive three-month option period for the payment of an upfront, non-refundable option fee of AU$50,000, the filing said.
If the option is exercised, the company will pay AU$500,000 in the form of cash and scrip, with a six-month voluntary escrow period, per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.