Auric Mining Ltd. (AU:AWJ) has released an update.
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WIN Metals Ltd has entered into a profitable transaction with Auric Mining Ltd, divesting nickel and lithium rights up to 150m below the surface on part of their M15/87 tenement for a sum exceeding $1.2 million. This strategic move provides WIN with immediate cash flow and enables Auric to advance its Munda Gold Project, including access to in-pit water, which is crucial for mining operations in the water-scarce region. The deal is considered mutually beneficial, allowing both companies to progress with their respective projects with minimal conflict.
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