CuFe Ltd (ASX:CUF) enters into an agreement to acquire Tenement E15/1495 from an unrelated private vendor for AUD 0.6 million on May 9, 2023. Under the terms of the sale and purchase agreement, CuFe acquires E15/1495 with the consideration payable being AUD 0.3 million cash, an AUD 0.3 million milestone payment payable in the event production occurs in the future from the tenure, and a 1% gross sales royalty. The vendor retains rights to gemstones on the Tenement. There are no conditions precedent to transaction and completion is to occur within 20 business days.

CuFe Ltd (ASX:CUF) completed the acquisition of Tenement E15/1495 from an unrelated private vendor on June 6, 2023.