Creat Resources Holdings Limited said that it has entered into an agreement to purchase Exploration Licence 21/2004 and its related exploration mining information known as the Dundas Nickel Project from Stellar Resources Limited and its subsidiary for a consideration of AUD 250,000, and an obligation to provide the previous owner with a 2% net smelter royalty as required for the transfer.

Main facts are as follows:

1. The agreement is conditional upon Ministerial consent

2. The licence is situated adjacent the Company’s existing Exploration Licence 20/2002 in Western Tasmania, and covers around 13 square kilometers of prospective nickel, tin and tin copper deposits. A significant amount of exploration has already been undertaken and produced promising results

sourced : www.dowjones.com

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