Olympio Metals Limited (ASX:OLY) Announces Sale of Halls Creek Tenements
Transaction Details
Olympio Metals Limited has entered into an Option Agreement with Clutch Group Pty Ltd to sell its remaining three Halls Creek tenements. Clutch has paid an upfront exclusivity fee of $25,000 and is committed to a total expenditure of $80,000 during the due diligence period until June 2025. If Clutch exercises the option, they will pay Olympio a total of $150,000 for the tenements.
Executive Comments
Olympio’s Managing Director, Sean Delaney, stated, “The remaining Halls Creek tenements are considered non-core projects as we ramp up activity on our Dufay Cu-Au Project in Canada, where drilling will commence shortly. The option agreement with Clutch will ensure exploration expenditure on the ground up to June 2025 during their DD period and we wish them good luck with their work at Halls Creek.”
Future Focus
Olympio is concentrating on the Dufay Cu-Au Project in Quebec, Canada, with the first drilling program set to begin this month.
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