Sandfire Resources Limited ( (AU:SFR) ) has provided an update.
Sandfire Resources Limited has entered into a binding Sale and Purchase Agreement with Catalyst Metals Limited for the sale of the Old Highway Gold Project, located near Sandfire’s DeGrussa Copper-Gold Mine in Western Australia, for A$32.5 million. The transaction is expected to aid Sandfire in covering rehabilitation costs at DeGrussa and create opportunities for local stakeholders, while increasing the likelihood of the project’s future development, benefiting stakeholders including traditional owners and the local community.
More about Sandfire Resources Limited
Sandfire Resources Limited operates in the mining industry, focusing on copper and gold production. The company is known for its DeGrussa Copper-Gold Mine in Western Australia, and it engages in exploration and development of mineral resources.
Average Trading Volume: 2,307,388
Technical Sentiment Signal: Buy
Current Market Cap: A$4.72B
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