Auric Mining Ltd. (AU:AWJ) has released an update.
WIN Metals Limited has concluded a deal with Auric Mining Ltd, successfully divesting specific nickel and lithium mineral rights within the Munda Gold Project for a total of $1.2 million, securing immediate and future payments for WIN. The agreement grants Auric exclusive mining rights within a designated area for eight years, with potential ongoing rights thereafter, while WIN retains a significant portion of the Munda nickel resource. The transaction is deemed mutually beneficial, providing Auric with unhindered access to their gold resource and WIN with an injection of funds without substantial resource sacrifice.
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