Australia-based minerals company Aura Energy (AEE) has signed a C$4.5-million (A$4.8-million) funding term sheet for the creation of a joint venture (JV) vehicle with TSX-listed Chilean Metals for Aura’s gold, base- and battery-metal tenements in Mauritania.
The deal, which is subject to due diligence, is nonbinding and includes Aura’s Tasiast South tenements, which lie over 435 km2 and are in a highly prospective area lying on two lightly explored mineralised greenstone belts.