Microsoft Word - ASX Announcement - Sale of Temora - 6 October 2015 Final



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Straits


6 OCTOBER 2015 ASX/MEDIA RELEASE



STRAITS RESOURCES LIMITED (ASX: SRQ)


SALE OF TEMORA AND CURRUMBURRAMA EXPLORATION PROJECTS


Straits Resources Limited (Straits) is pleased to advise it has signed a binding agreement with Sandfire Resources NL (Sandfire) (ASX:SFR) for the sale of Straits' interests in the Temora and Currumburrama exploration projects in New South Wales for A$2.5 million (payable in Sandfire shares).


The Temora Project is 100% owned by Straits and comprises the tenements EL6845 and EL5864.


The Currumburrama Project, comprising the tenement EL5792, is 100% owned by Straits with Sandfire earning into the tenement through a joint venture.


Completion of the sale is subject to various standard Conditions Precedent including approval by the NSW Minister for Trade and Investment - Resources and Energy.


ENDS


For further information, please contact:


Mr. Andre Labuschagne Executive Chairman

Tel: +61 7 3034 6200, or visit our website at www.straits.com.au


Media: Annette Ellis Cannings Purple

Tel: +61 8 6314 6300

aellis@canningspurple.com.au

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