unior Fe Limited will acquire a 50% interest in the Yarram iron-ore project, in the Northern Territory, and would act as operator for the joint venture (JV).
The company on Friday said that it would pay A$1.5-million in cash and shares, along with a further A$500 000 in cash and A$1-million in either cash or shares, which will become payable on the definition of a Joint Ore Reserves Committee compliant resource.