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Octava Minerals Ltd. ( (AU:OCT) ) just unveiled an update.
Octava Minerals has agreed with the vendors of the Byro rare earths and lithium project to amend the terms of its acquisition agreement, a move that follows successful bioleaching testwork on Byro material carried out in 2025 by independent consultants. The changes extend the deadline for satisfying conditions precedent to 31 March 2026 and replace an entitlement to 2 million Octava shares with performance rights that convert to shares upon completion of an independently prepared scoping or higher-level study, with those rights expiring three years after completion; the company plans to seek the necessary board, shareholder and regulatory approvals at a general meeting expected in mid-March 2026, underscoring its continued commitment to advancing the Byro project within its critical minerals portfolio.
The most recent analyst rating on (AU:OCT) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Octava Minerals Ltd. stock, see the AU:OCT Stock Forecast page.
More about Octava Minerals Ltd.
Octava Minerals Ltd (ASX:OCT) is a Western Australian-based explorer of critical minerals, with projects targeting copper, zinc, silver, rare earth elements and lithium at Byro, nickel, copper and cobalt at Yallalong, and nickel and PGMs in the East Kimberley, all located in established Australian discovery regions.
Average Trading Volume: 587,535
Technical Sentiment Signal: Buy
Current Market Cap: A$8.99M
Find detailed analytics on OCT stock on TipRanks’ Stock Analysis page.