Divestment of non-core West Yilgarn Assets
Filed with ASX · · 2 pages · English
Summary by 6ix AI
The agreement involves the sale of all issued shares in its subsidiary, Diamandia Pty Ltd, which holds several exploration licenses. The initial cash consideration will be paid upon completion, with additional deferred payments contingent on the achievement of specific milestones related to mineral resource estimates. The company plans to use the proceeds from the sale for exploration of its remaining assets and general working capital.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Famien Resources Limited on 6ix
Earlier from Famien Resources
- Notice of Annual General Meeting/Proxy Form
- Field work expands across growing Cote d'Ivoire tenure
- AGM Date and LR 3.13.1 Information
- Annual Report to shareholders
- Appendix 4G - Corporate Governance
Later from Famien Resources
- Quarterly Activities/Appendix 5B Cash Flow Report
- Completion of Divestment of Non-Core West Yilgarn Assets
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