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Discovery Alaska Limited (ASX:DAF)

ALERT: Price-sensitive ASX Announcement for DAF
Current share price for DAF : $0.010 -0.004 (-28.57%)+
Announcement
Release
8 Dec 2025 8:29AM
Price at Release
$0.014
Full Release
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Summary
Discovery Alaska Limited has announced the execution of a binding Heads of Agreement (HoA) to acquire a 100% interest in the Boulder Creek Gold-Silver Project, located in Idaho, USA. This transaction allows Discovery Alaska Limited an option to acquire the project over a four-year period, subject to due diligence and other conditions. The agreement entails payment of a non-refundable option fee and issuance of shares, with additional cash payments and shares over the next three years. The Boulder Creek Project is located near historical mining sites and is prospective for high-grade vein hosted and disseminated gold/silver resources. Discovery Alaska plans to conduct exploration activities to further assess and develop the resource potential of the project, enhancing the company's growth trajectory in the gold and silver sector.
Key Points
  • Binding HoA executed for acquiring Boulder Creek Project.
  • Option to acquire a 100% interest in the project over four years.
  • Non-refundable option fee and shares issued as part of the agreement.
  • Additional cash payments and shares to be issued over three years.
  • Project is located near historical mining sites in Idaho, USA.
  • Prospective for high-grade vein hosted and disseminated gold/silver.
  • Exploration activities planned to assess resource potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.