Sandfire Resources announced joint venture update

Sandfire Resources Limited (ASX: SFR) announced with Auris Minerals Limited that it has completed exploration across the Morck Well Joint Venture Project Situated in the Bryah Basin, Western Australia, during the December 2022 quarter. As earlier reported, Auris has an 80% interest in the Doolgunna, and Morck Well Projects Well after Sandfire formally notified its withdrawal from the Joint Venture, effective 19 January 2023.

The Doolgunna and Morck Well Projects cover 403km and are situated 22km to the southwest and 4km to the southeast, respectively, of Sandfire’s DeGrussa Copper Mine in Western Australia. The Morck Well project is situated 8km along strike from Sandfire’s Old Highway gold deposit, with comparable high-grade gold mineralisation being intersected associated with similar geology within regional Air Core drilling completed to date.

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