Solstice Minerals Limited (AU:SLS) has released an update.
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Solstice Minerals Limited has successfully negotiated the sale of their 80% stake in the Hobbes Exploration Licence, which includes the Hobbes Gold Deposit, to Northern Star for $12.5 million. This strategic move will bolster Solstice’s cash balance by $10 million, enhancing their exploration efforts at the promising Yarri Gold Project and other properties. The sale, which awaits the fulfillment of customary conditions, is set to complete in the upcoming weeks, marking a significant step in focusing the company’s resources on further gold exploration.
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