Скачать с ютуб Just the Facts: Olympio signs option agreement to divest non-core assets and focus on Dufay в хорошем качестве

Just the Facts: Olympio signs option agreement to divest non-core assets and focus on Dufay

Olympio Metals Ltd has signed an Option Agreement with Clutch Group Pty Ltd for the sale of its remaining three Halls Creek tenements in Western Australia. This transaction allows Olympio to focus on its upcoming drilling program at the Dufay copper and gold project in Canada. Under the agreement, Clutch must meet minimum exploration expenditure commitments on exploration licences E80/5034, E80/5154, and E80/5220 during a due diligence period lasting until June 30, 2025. Clutch has paid an upfront exclusivity fee of $25,000 and must spend a total of $80,000 on exploration. If Clutch exercises the option, it will pay Olympio $100,000 for E80/5034, $30,000 for E80/5154, and $20,000 for E80/5220. Payments may be adjusted if any tenements are surrendered or expire during the due diligence period. Olympio retains a future interest through two performance-based payments of $100,000 each—one upon defining a Measured JORC Mineral Resource of at least 50,000 ounces of gold at a minimum grade of 1.0 g/t gold, and another upon a Decision to Mine. Olympio has stated that the Halls Creek tenements are considered non-core as it prioritises drilling at the Dufay Project, which is set to begin shortly.