Minerals 260 (ASX:MI6) has entered into a binding agreement for the sale of the Aston Project in Western Australia to Delta Lithium (ASX:DLI) for a cash considerdation of AU$450,000 with a 1.5% net smelter royalty on sale of all lithium in all forms, according to a Wednesday Australian bourse filing.
The deal will be completed on the earlier of either five business days after receiving Ministerial consent under the Mining Act to transfer tenements E09/2967 and E09/2968, or 30 days after the agreement is signed, whichever comes earlier, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.