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ID - Diamond sells stake in Western Australia's Fitzroy block - April 2019



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Mitsubishi Corp.’s Diamond Resources Barbwire sold its 37.5% WI in the Fitzroy block in Western Australia to its partners for $856,000 (A$1.2 million). Buru Energy has 60% WI in the block which includes two exploration permits: EP457 and EP458. Its partner, Australia-listed Rey Resources, holds the balance. Perth-based Buru paid A$720,000 for an additional 22.5% WI in the two permits, a transaction which boosts its stake in the two permits to 60%. Buru will continue to be the operator for......
 
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