M&A

Auroch offloads Manica project

FINANCIALLY struggling Auroch Minerals has agreed to sell its flagship Manica gold project in Mozambique to London-based Xtract Resources for $US12.5 million ($A16.3 million).

Jack McGinn

Auroch offloads Manica project

Under the agreement AIM-listed Xtract will issue Auroch $6.5 million worth of shares, pay $4.5 million in cash and settle $1.5 million with project-related creditors. In exchange, Xtract will receive...

Start a free trial to continue reading this article

Already have an account? Sign in here

MORE ON THIS TOPIC

NEXT: Alliance rockets on fresh buyout offer
PREVIOUS: Investment firm eyes Strike Resources

MOST POPULAR

1

ENERGY MINERALS

Filo shareholders say 'yes' to BHP-Lundin deal

2

M&A

Creasy in pole position at Calidus

3

PRECIOUS METALS

Gold and iron ore enjoying tailwinds

4

MINERS

Revenue heading Liontown's way as lithium shipments sail north

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902