Red 5 purchases Asra’s Tarmoola pastoral lease
Red 5 purchases Asra’s Tarmoola pastoral lease Asra Minerals (ASX: ASR) has executed a binding sale and purchases agreement for Red 5 Limited (ASX: RED) to acquire the Tarmoola pastoral lease, livestock and relevant equipment in the Goldfields, WA, for $3m cash. Asra will retain the exploration camp comprising the accommodation camp, kitchen, laundry, ablution facilities and access road, all located in an area approximately 10km2 and the subject of miscellaneous licence applications, 37/271 and 37/272, currently with the WA Energy, Mines, Industry Regulation and Safety Department (DEMIRS). Proceeds from the sale will be used to support Asra’s upcoming exploration and drilling campaign across both its Mt Stirling and Kookynie gold projects....