XRF Scientific Limited (ASX:XRF) entered into conditional Share Purchase Agreement to acquire 50% stake in Orbis Mining Pty Ltd from from Founders Brad Hunting and Darrin Hunting AUD 0.8 million on September 2, 2021. XRF has further acquired a Call Option to purchase the remaining 50% of the shares currently held by the Founders. The consideration AUD 0.6 million in cash and AUD 0.2 million in XRF shares. The cash consideration will be funded from XRF's cash reserves. XRF will appoint two directors to the Board of Orbis, with the remaining Directors of the Board of Orbis comprising the Founders.

XRF Scientific Limited (ASX:XRF) completed the acquisition of 50% stake in Orbis Mining Pty Ltd from from Founders Brad Hunting and Darrin Hunting on September 30, 2021.