Morck Well and Doolgunna JV
Managed by Sandfire Resources NL (Earning 70% Interest)
In February 2018, Auris entered a Farm-in Agreement with Sandfire Resources NL (“Sandfire”) in relation to the Morck Well East and Doolgunna Projects which cover ~430km². Sandfire has the right to earn a 70% interest in the projects upon completion of a Feasibility Study on a discovery of not less than 50,000t contained copper (or metal equivalent).
Morck’s Well is located ~22km south-west of the DeGrussa Copper Mine in Western Australia. The project area also extends into the Farm-in with Enterprise Metals Limited (ASX: ENT; “Enterprise”) (see Figures 1 and 5). Sandfire is progressing a systematic and multi-pronged exploration program across this corridor, with two additional Reverse Circulation (RC) drill-holes completed, each of which have also had Downhole Electromagnetic (DHEM) surveys completed.
Morck Well JV
E52/2438 & ELA51/1883: Auris 100%, Sandfire Resources (ASX: SFR) earning to 70%, E52/1613, E51/1033 & E52/1672: Auris 80%, Fe Ltd 20% (ASX:FEL), Sandfire Resources (ASX: SFR) earning to 70%