Sandfire commences survey at Bryah Basin

Company News

by Anna Napoli

Copper-gold producer Sandfire Resources (ASX:SFR) has commenced a major geophysical study at the Bryah Basin in Western Australia.

The survey comes just two weeks after the company signed a deal with Auris Minerals (ASX:AUR) to spend a minimum of $2 million in exploration costs in 2 years at the highly prospective Western Australian site.

Under the agreement Sandfire has the right to farm in five of the company’s exploration tenements.

Auris is exploring for high-grade copper-gold discoveries and has an exploration portfolio of over 1300 kilometres.

The CEO of Auris says one of the reasons they entered a farm-in deal with Sandfire is because they are extremely motivated to make a new discovery in the Bryah Basin.

Shares in Sandfire Resources (ASX:SFR) are trading up 2.85 per cent  to $7.95

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.