Zenith Minerals to Divest Kavaklitepe Gold Project Stake

Zenith Minerals Limited ( (AU:ZNC) ) has shared an update.

Zenith Minerals Limited has entered into a Non-Binding Heads of Agreement with Gübretaş Maden to sell its remaining 20% equity interest in the Kavaklitepe Gold Project in Turkey for US$543,000. The transaction, expected to complete in the June Quarter 2025, will allow Zenith to focus on its core Australian gold discoveries at Dulcie Far North and Red Mountain. This divestment aligns with Zenith’s strategy of portfolio optimization and value creation, enabling the company to direct resources towards high-growth opportunities and maintain strong exploration momentum.

More about Zenith Minerals Limited

Zenith Minerals Limited is an Australian exploration company focused on advancing a diverse portfolio of gold and lithium projects in Western Australia and Queensland. The company is strategically positioned to capitalize on the growing demand for both precious metals and battery minerals, with key gold assets including the Red Mountain project in Queensland and the Dulcie Far North project in Western Australia. Additionally, Zenith is involved in lithium exploration with projects like Split Rocks and Waratah Well, and holds a 25% interest in the Earaheedy Zinc Deposit.

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Technical Sentiment Signal: Buy

Current Market Cap: €12.1M

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