Sandfire makes MOD approach

MID-TIER copper producer Sandfire Resources has confirmed it has approached explorer MOD Resources about a potential takeover.

Sandfire makes MOD approach Sandfire makes MOD approach Sandfire makes MOD approach Sandfire makes MOD approach Sandfire makes MOD approach

Analysts looking at drill core during a visit to MOD's Kalahari project in February 2018

Sandfire said it had written to MOD to express its interest in a potential combination, but said any such transaction would be conditional on due diligence and the recommendation of MOD's board.

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