Through a Share Sale Agreement signed in May 2019 Auroch Minerals Ltd (ASX: AOU) agreed to purchase 100% of the equity in Minotaur’s subsidiaries having title to nickel tenements near Kalgoorlie and Leinster. Completion requires Auroch shareholders to approve the issue of sale shares to Minotaur at a meeting to be held on 22 August 2019, upon which Minotaur will hold 14.1% of the issued capital in Auroch.

Finalisation of the transaction will dispose of legacy assets remaining from Minotaur’s 2013 takeover of Breakaway Resources Ltd.

Click here to download Auroch Minerals’ presentation.

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