The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of the prospecting licence 77/4593, exploration licence 77/2829 and the remaining 10-per-cent interest in the exploration licence 77/2691, located approximately 30 kilometres from the town of Bullfinch, Western Australia, pursuant to a sale and purchase agreement dated July 26, 2023, between the company and an arm's-length vendor. Pursuant to the terms of the agreement, the purchase price is a cash payment of $90,000 (Australian), an issuance of $300,000 (Australian) of common shares of the company and incurring a minimum expenditure totalling to $47,000 (Australian) on the property.

The arm's-length vendor will retain a 2.0-per-cent gross smelter royalty on the remaining 10-per-cent interest in the exploration licence 77/2691.

For further details, please refer to the company's news releases dated Aug. 1, 2023, and April 22, 2024.