AUR 0.00% 0.7¢ auris minerals limited

Ann: 30% CU Intersected in Narrow Sediment Horizon at Wodger, page-80

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  1. 11,557 Posts.
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    I wrongly said WPG, but obviously it was meant to be WGX.

    Yes, absolutely certain of that BBV. It's clearly stated in the relevant 2015 ann re MLX.

    Also it is confirmed each Q in each QAR. Here is the March one. See page 5 (Forrest project section and number 6 on the right x 3) and page 6 (note number 6).https://www.aurisminerals.com.au/wp...vities-Report-Final-for-release-10-Apr-17.pdf

    WGX has the gold rights for sure. It is not a right of first refusal. Instead it's ownership. How all of that plays out with a minable discovery of copper and gold - costs etc - I do not know, but my guess is that WGX gets the gold at no cost to it BUT I could well be wrong there. A mining or geo person would know how it normally works.

    So, you van see that the 2 companies already have a commercial relationship

    The right of first refusal to which you refer was given to MLX at the time of the sale but it was just for the tenements, not the minerals. That right, as you stay, was cancelled, and ostensibly in exchange for Chunderloo but ........??????????? on that!
 
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