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CUFE LTD — Capital/Financing Update 2018
Aug 13, 2018
64723_rns_2018-08-13_c3c0e83a-8538-4885-a1b4-557e2b23ceff.pdf
Capital/Financing Update
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ASX Announcement
14 August 2018
Australian Securities Exchange Code: FEL
Ordinary Shares: 370,877,963
Board of Directors: Tony Sage Non-Executive Chairman Kenneth Keogh Non-Executive Director Nicholas Sage Non-Executive Director
Sandfire acquires IGO’s Farm-in interests in Alchemy’s Bryan Basin Project, WA
Fe Limited ( Company ) (ASX: FEL ) is pleased to advise that Sandfire Resources NL (ASX: SFR ) have signed an agreement with Alchemy Resources Limited ( Alchemy ) (ASX: ALY ) to acquire Independence Gold NL’s (ASX: IGO ) Farm-in Rights over base metals in the Bryan Basin Project.
The agreement with Sandfire is expected to result in a significant ramp up of exploration within the base metal prospective area of the Bryan Basin Project. FEL hold a 20% interest, free-carried to a decision to mine, in a joint venture area of which key terms remain unchanged from the previous letter agreement with IGO.
The full announcement can be found at ASX (ALY announcement dated 6 August 2018) and Alchemy’s website.
Yours faithfully FE LIMITED
Tony Sage Non-Executive Chairman
Contact: www.felimited.com.au 32 Harrogate St, West Leederville Western Australia 6007 Australia Telephone +61 8 6181 9793 Email [email protected]
Fe Limited is an Australian domiciled mineral resources exploration and development company.
Fe Limited ABN: 31 112 731 638
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felimited.com.au