Audax Resources Ltd

udax Resources Ltd 27-Jul-05 Has reached agreement with Independence Group NL on a split commodity arrangement in relation to the Bronzewing South, West Yandal and Karra prospects in the Yandal Greenstone Belt whereby Independence have the right to earn a 70% interest in the rights to nickel and associated metals and base metals by spending a total of $1m within 3 years.

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