Investigator Resources completes strategic transaction

Investigator Resources (ASX:IVR) has successfully completed the sale and transfer of its joint venture interest and adjacent tenements in the Stuart Shelf, South Australia, to Discover Co. This transaction will bring a $1 million cash payment to Investigator before the year's end. Furthermore, the company retains future royalties on these tenements, aligning with its strategy to concentrate on core silver and gold exploration targets.

Strategic focus and future outlook

The sale and transfer of Investigator Resources' joint venture interest and adjacent tenements to Discover Co marks a strategic shift for the company. With a $1 million cash inflow expected by year-end, Investigator can now better focus on its silver and gold exploration projects. The retained royalties ensure a continued financial interest in the sold tenements' potential success. The sale removes substantial financial commitments and supports the company's strategy of reducing non-core expenditure while enhancing its primary exploration efforts.

Executive insights on the strategic sale

Investigator Resources is pleased to have finalized this transaction, which allows us to focus our resources and efforts on our core exploration targets. The cash inflow and retained royalties provide financial support and maintain our involvement in the potential success of these tenements.