Business
Conditional Sale of 75% of Eclipse Gold Project
Empire Metals Limited has entered into a conditional sale agreement for its 75% interest in the non-core Eclipse Gold Project for a total consideration of A$750,000 cash, subject to a three-month exclusivity and due diligence period. This transaction, which includes a A$50,000 non-refundable deposit, supports the company's strategy to focus capital and resources on its Pitfield Titanium Project. Settlement is anticipated in early April, following successful due diligence by the reputable Western Australian mining services company. Disclaimer*
About this update from Empire Metals Limited
[{"type":"text","content":"\n\nEmpire Metals Limited / LON: EEE, OTCQX: EPMLF / Sector: Natural Resources\n \n 30 December 2025\nEmpire Metals Limited\n(\"Empire\" or \"the Company\")\n \nConditional Sale of 75% Interest in Eclipse Gold Project\n \nEmpire Metals Limited (AIM: EEE | OTCQX: EPMLF), the AIM-quoted and OTCQX-traded exploration and development company, is pleased to announce that it has entered into a conditional sale and purchase agreement for its 75% interest in the Eclipse Mining Lease (\"Eclipse ML\" or the \"Project\"), a non-core gold asset located near Kalgoorlie, Western Australia.\n \nThe agreement includes a three-month exclusivity and due diligence period, during which the proposed purchaser will complete technical and commercial due diligence on the Project.\n \nHighlights\n \n· Conditional sale of Empire's 75% interest in the Eclipse ML, a non-core gold asset\n· Purchaser is a reputable Western Australian mining services company operating in the Kalgoorlie region\n· Total consideration of A$750,000 cash for Empire's interest, subject to successful completion of due diligence\n· Transaction supports Empire's strategy to focus capital and resources on the Pitfield Titanium Project\n \nShaun Bunn, Managing Director, said: \"This conditional sale represents a further step in our strategy to streamline the portfolio and focus management attention and capital on advancing the Pitfield Project. Eclipse is a non-core asset for Empire, and this transaction provides an opportunity to unlock value while reducing ongoing holding and resourcing costs. We look forward to progressing the due diligence phase with the purchaser.\"\n \nThe Eclipse ML Project\nThe Eclipse ML is a small granted mining lease located near Kalgoorlie, Western Australia, which has historically been subject to gold exploration. As part of its broader portfolio rationalisation strategy, Empire has been actively reviewing options to reduce exposure to non-core assets and is pleased to have entered into an exclusivity arrangement with the purchaser in respect of its interest in the Project.\n \nSale Terms\nKey terms of the conditional sale agreement include:\n· The sale relates to Empire's 75% interest in mining lease M27/153...