Investigator Resources strategic sale agreement

Investigator Resources (ASX:IVR) has entered a binding agreement to sell a 30% stake in the Mount Sainthill Exploration License and non-core Oorabra Mining Leases to Tivan Limited (ASX:TVN) for $1.075 million. The transaction includes cash payments upon reaching specific milestones, benefiting both companies.

Overview and future outlook

Investigator Resources announced a strategic sale of a 30% interest in the Mount Sainthill Exploration License to Tivan Limited, aligning with its aim to concentrate on other mineral opportunities such as tungsten. The agreement includes milestone-based payments and preserves Investigator's exploration rights for minerals other than fluorite in the area. This move supports Investigator's financial stability and exploration goals, while enabling Tivan to enhance its fluorite production capabilities in the Northern Territory. The deal also involves Thor Energy Plc, recognizing its joint ownership in the project, and emphasizes collaborative efforts in mineral development.

Executive insights on the transaction

The sale of a stake in Mount Sainthill allows us to focus on other mineral exploration while benefiting from Tivan's commitment to fluorite production. This transaction is key to our strategic goals and ensures we can pursue our development objectives effectively.