E79 Gold Issues Milestone Shares as Cue Metals Tenement Transfer Completed

E79 Gold Mines Limited ( (AU:E79) ) has shared an update.

E79 Gold Mines Limited has issued 28,571,429 fully paid ordinary shares as Deferred A Consideration to the shareholders of Cue Metals Pty Ltd after the transfer of six tenements to Cue Metals as the registered holder, fulfilling a key milestone in its 90% acquisition of the company. The remaining Deferred B Consideration Shares are still contingent on the grant of seven additional tenements under application within three years, while Cue Metals’ remaining 10% interest remains free-carried through to completion of a feasibility study, over which E79 retains first right of refusal. With a high‑resolution gravity survey on the Cue Metals Project now completed and interpretation due within two weeks, E79 is preparing to define drill targets, plan its first drilling program, and finalise heritage agreements, marking a rapid progression toward active exploration that could enhance the project’s strategic value within the region’s established gold‑mining corridor.

The most recent analyst rating on (AU:E79) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on E79 Gold Mines Limited stock, see the AU:E79 Stock Forecast page.

More about E79 Gold Mines Limited

E79 Gold Mines Limited is an Australian exploration company focused on developing gold and metals projects, including its interest in Cue Metals Pty Ltd and the Cue Metals Project tenements in Western Australia. The company is listed on the ASX and targets highly prospective ground in established mining regions, aiming to unlock in-ground value through systematic exploration programs.

Average Trading Volume: 927,745

Technical Sentiment Signal: Buy

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