Delta Lithium Acquires Aston Project from Minerals 260

Delta Lithium Limited ( (AU:DLI) ) has provided an announcement.

Delta Lithium Limited has entered into a binding agreement to acquire the Aston Lithium-REE Project from Minerals 260 Limited for $450,000 in cash and a 1.5% net smelter royalty on lithium sales. This transaction allows Minerals 260 to concentrate on its Bullabulling Gold Project, while Delta strengthens its position in the lithium market by expanding its holdings in the Gascoyne region of Western Australia.

The most recent analyst rating on (AU:DLI) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Delta Lithium Limited stock, see the AU:DLI Stock Forecast page.

More about Delta Lithium Limited

Minerals 260 Limited is an exploration and development company that owns the Bullabulling Gold Project, a potential open pit mining operation located near Coolgardie in Western Australia. The project hosts a significant mineral resource estimate and offers substantial exploration opportunities to expand its gold resources.

Average Trading Volume: 833,292

Technical Sentiment Signal: Hold

Current Market Cap: A$143.3M

Learn more about DLI stock on TipRanks’ Stock Analysis page.