On October 1, 2024, Golden Horse Minerals Limited made an announcement regarding the completion of the final cash payment under the terms of the Copperhead Sale Agreement. This agreement, originally executed on August 1, 2023, involved various cash payments and share issuances. The final cash payment of A$200,000 was made to the vendor for the acquisition of the strategic Copperhead prospecting lease located in Western Australia.
As part of the agreement, Golden Horse Minerals Limited also granted a 1.5% gross smelter royalty to the vendor over the Copperhead tenement. The company aims to advance the Copperhead tenement through historical data compilation and interpretation in preparation for drilling activities.
Nicholas Anderson, the Managing Director & CEO of Golden Horse Minerals Limited, expressed his satisfaction with the completion of the final payment and highlighted the strategic importance of the Copperhead tenement for the company’s exploration strategy.
Readers are advised to interpret the forward-looking statements in this announcement with caution, as they are subject to various risks and uncertainties beyond the company’s control. Golden Horse Minerals Limited disclaims any obligation to update or revise the information contained in this release and emphasizes the importance of reading all technical information in conjunction with competent person statements.
For more information, please refer to the original press release from Golden Horse Minerals Limited.
