Business
Empire Metals Limited Announces Conditional Sale of 75% of Eclipse Gold Project
LONDON, UNITED KINGDOM / ACCESS Newswire / December 30, 2025 / Empire Metals Limited (AIM:EEE)(OTCQX:EPMLF), the AIM-quoted and OTCQX-traded exploration and ...
About this update from Empire Metals Limited
[{"type":"text","content":"LONDON, UNITED KINGDOM / ACCESS Newswire / December 30, 2025 / Empire 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.","length":435,"tagName":"p"},{"type":"text","content":"The 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.","length":179,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Conditional sale of Empire's 75% interest in the Eclipse ML, a non-core gold asset","length":86,"tagName":"p"}]},{"val":[{"type":"text","content":"Purchaser is a reputable Western Australian mining services company operating in the Kalgoorlie region","length":102,"tagName":"p"}]},{"val":[{"type":"text","content":"Total consideration of A$750,000 cash for Empire's interest, subject to successful completion of due diligence","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction supports Empire's strategy to focus capital and resources on the Pitfield Titanium Project","length":106,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":408,"olType":false},{"type":"text","content":"Shaun 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."","length":447,"tagName":"p"},{"type":"text","content":"The Eclipse ML Project","length":22,"tagName":"p"},{"type":"text","content":"The 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 rationalization strategy, Empire has been actively reviewi...