Otmane El Rhazi : Aus Tin buys new project

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

ASX-listed junior Aus Tin Mining has signed a non-binding heads of agreement to acquire privately held McDermott Mining in order to gain ownership of the Granville tin project, in Tasmania. Under the terms of the agreement, Au Tin Mining would pay A$1.3-million for the unlisted McDermott Mining, subject to the completion of a due diligence and the receipt of all necessary approvals.