Investigator Resources Limited announces finalisation of sale

Investigator Resources Limited (ASX:IVR) has successfully concluded the sale of its Joint Venture interest and adjacent tenements in the Stuart Shelf, South Australia. The sale, valued at $1m cash and future royalties, will enable the company to direct the proceeds towards high priority silver and gold exploration targets, while also eliminating significant holding costs of the 'Lake McFarlane' tenements.

Executive Commentary on Sale of Stuart Shelf JV Interest and Tenements

The cash sale of the JV interest and adjoining tenements not only provides additional cash for the exploration planned on our silver and gold targets, but removes a significant expenditure commitment on Investigator's 100% owned Stuart Shelf tenements that are non-core to the company's strategy. Continued exposure to exploration success on these tenements through Discover Co's future programs is retained with a 1% royalty over the JV tenements and a 0.5% royalty over the 'Lake McFarlane' tenements.

Summary of Sale Agreement and Outlook

Investigator Resources Limited has finalized the sale of its Joint Venture interest and adjacent tenements in the Stuart Shelf, South Australia to Discover Co for $1m cash and future royalties. The proceeds from the sale will be directed towards high priority silver and gold exploration targets, while also eliminating significant holding costs of the 'Lake McFarlane' tenements. The company will retain exposure to exploration success through royalties over the JV tenements and the 'Lake McFarlane' tenements. The Sale Agreement, subject to standard conditions, is expected to be completed in the December Quarter, providing Investigator with additional resources to pursue its strategic exploration goals.