Ore Resources (ASX:OR3) signed an option agreement to acquire additional tenure at the Miriam project, part of its Coolgardie projects in Western Australia, according to a Thursday filing with the Australian bourse.

The company agreed to acquire six tenements next to its current landholdings at the Miriam project, with an exclusive three-month option period for the payment of an upfront, non-refundable option fee of AU$50,000, the filing said.

If the option is exercised, the company will pay AU$500,000 in the form of cash and scrip, with a six-month voluntary escrow period, per the filing.