Auric Mining (ASX:AWJ) completed due diligence related to the purchase of the Burbanks plant and associated assets in Western Australia for AU$4.4 million, according to a Thursday filing with the Australian bourse.
Completion will occur once outstanding issues are resolved and legal agreements are finalized, with settlement expected in the second quarter of the year, the filing said.
Shares were up 10% in afternoon trade Friday.
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