Earns 30% net profit Eloise mine operated by FMR Investments.
BRW holds rights to 510 sqkm of prospective ground next to this mine situated in the Cloncurry district. Drilling on some of the prospects have indicated high grade copper, gold and silver.
Sandfire coming onboard with a 6.3% stake is definitely a vote of confidence for the ground BRW holds and the drilling results to date.