c8ecff04-ce39-4abb-b5e5-f17d54013e72.pdf
24 November 2015
Market Announcements Platform ASX Limited
Exchange Centre 20 Bridge Street
Sydney NSW 2000
Transaction Update - Sale of Manica Gold Project
Auroch Minerals NL (ASX: AOU) (Auroch or the Company), wishes to advise that it has lodged an application with the Ministry of Mineral Resources and Energy (MIREME) in Mozambique requesting the Minister approve the transfer of shares in Explorator Limitada, the Mozambican registered entity which holds the rights to the Manica Gold Project, to Xtract Resources Plc (Xtract). These shares are currently held by the Company's wholly owned subsidiaries Auroch Minerals Mozambique Pty Ltd (2%) and Mistral Resource Development Corporation Limited (98%).
Approval by MIREME is required as a condition precedent to the completion of the transaction with Xtract.
The Company has also lodged relevant documentation with the Mozambican Ministry of Finance, as part of the transaction process.
Going forward, the Board continues to evaluate new investment opportunities for Auroch. For further information visit www.aurochminerals.com or contact:
Glenn Whiddon Chairman
Auroch Minerals NL T: +61 8 9486 4036