Austin Metals Limited (AU:AYT) has released an update.
Austin Metals Limited has successfully acquired full interest in six exploration licences and the rights to earn up to a 90% interest in additional tenements, comprising the significant Ashburton Copper-Gold Project in Western Australia. The deal with Gardner Mining Pty Ltd was finalized with a $200,000 cash payment and the issuance of 400 million Performance Rights, contingent on the delineation of JORC compliant mineral resources. Shareholder approval for the transaction was secured, and upcoming exploration activities include mapping, sampling, trenching, and drilling scheduled throughout 2024.
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