EXPLORATION

Buru and Rey close Canning Basin acquisition

BURU Energy and junior Rey Resources have completed an acquisition for a further interest in permits EP457 and EP458 in the Canning Basin in northern Western Australia from Mitsubishi.

Buru and Rey close Canning Basin acquisition

Buru has increased its interest in the two permits from 37.5% to 60% for a total cash consideration of A$720,000. Rey has upped its interest from 25% to 40%, exercising its pre-emptive rights under...

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