Asra Minerals (ASX:ASR) completed the sale of its Tarmoola Pastoral Lease in Western Australia to Vault Minerals (ASX:VAU) for AU$3 million, with the receipt of the remaining balance of AU$2.75 million, according to a Thursday filing with the Australian bourse.
The sale agreement was signed between the company's subsidiary, Tarmoola, and Greenstone Resources (WA), a Vault Minerals subsidiary, the filing said.
Proceeds will be used to advance strategic regional consolidation and exploration initiatives across the company's Leonora gold projects, according to the filing.
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