Aug 17 (Reuters) - Northwest Resources Ltd NWR.AX :
* Sale of Blue Spec Shear Gold-Antimony Project
* Company has entered into an agreement to sell its Blue Spec Shear Gold-Antimony Project to Beatons Creek Gold Pty Ltd
* Purchase price for the project is A$650,000 comprising cash of A$250,000 on completion
* Says company will have no annual exploration expenditure
* As a result of sale, co will be in position to meet current liabilities
* Also as a result of sale, co will have no material assets other than cash, consideration shares and ownership of units
* Source text for Eikon ID:nASXslRyQ