Labyrinth Resources Limited (AU:LRL) has released an update.
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Labyrinth Resources Limited is set to acquire the Mulwarrie Project in Western Australia from Olympio Metals’ subsidiary Rocktivity Gold through a $1.375 million option agreement. This deal could see Labyrinth pay in cash and shares, with a significant milestone payment tied to future gold resource discoveries. This strategic move allows Olympio to focus on other assets while maintaining a stake in Mulwarrie’s exploration success.
For further insights into AU:LRL stock, check out TipRanks’ Stock Analysis page.