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Dart Mining NL (ASX:DTM)

ALERT: Price-sensitive ASX Announcement for DTM
Current share price for DTM : $0.014 -0.019 (-57.58%)+
Announcement
Release
17 Mar 2026 8:46AM
Price at Release
$0.033
Full Release
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Summary
Dart Mining NL has announced a binding agreement for the sale of its Buckland Gold Project to Daybreak Minerals Pty Ltd for $300,000. The sale includes a 100% interest in key tenements and associated mining information, while allowing Dart Mining to strategically dispose of a non-core asset. The agreement secures Dart Mining a right of first refusal for drilling services and entails a potential share subscription option for Daybreak, pending shareholder approval. Proceeds will bolster exploration and working capital for Dart Mining's ongoing projects.
Key Points
  • Dart Mining NL (DTM) has entered into a binding agreement to sell its Buckland Gold Project.
  • The sale is to Daybreak Minerals Pty Ltd for a 100% interest in the tenements, exploration licence EL006861, retention licence RL006615, and associated mining information.
  • DTM will receive a cash consideration of $300,000.
  • The agreement includes a strategic disposal of a non-core asset by DTM.
  • DTM retains a right of first refusal to provide drilling services for the project.
  • Completion of the transaction is contingent upon obtaining necessary third-party approvals.
  • DTM plans to use proceeds from the sale for exploration and working capital for existing projects.
  • The agreement allows Daybreak an option to subscribe for up to $500,000 in Dart Mining shares, subject to shareholder approval.
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.