Sally Malay Mining Ltd - 18-Jun-04
Has entered into a conditional agreement with WMC Resources Limited to acquire the Lanfranchi Mine and the associated Tramways Tenements. These assets will be purchased via an unincorporated joint venture, the Lanfranchi Joint Venture with Donegal Resources Pty Ltd. Total consideration of $26 million will be funded from existing cash reserves, debt and project cashflows.