- Auris Minerals (AUR) has signed a deal with Sandfire Resources to wholly acquire its stake in the Sams Creek Gold Project in New Zealand
- As consideration, Auris will issue an initial 102.5 million fully paid ordinary shares to Sandfire at a deemed price of eight cents each
- A further 32.150,000 Auris options will issued, exercisable at a price of eight cents until November 30, 2020
- Mike Hendriks, Chief Operating Officer of Auris Minerals, said it is a transformational acquisition for the company
- The project considered one of the largest undeveloped gold assets in the country, with a mineral resource estimate of one million ounces of gold
- Auris Minerals (AUR) suspended on September 23 and last traded at a price of 12 cents per share
