Dundas Minerals secures option to acquire strategic mining licence

Dundas Minerals Limited (ASX:DUN) has secured an option to acquire 100% of the strategically located Mining Licence M 24/974, situated between the Aquarius and Scorpio gold prospects at the Company's Windanya Gold Project. The option agreement with Rockland Pty Ltd grants Dundas Minerals the exclusive 12-month option over M 24/974, with material terms including consideration, exercise of option, good standing, and royalty. The Company will seek shareholder approval for the issue of shares to Rockland as part of the agreement.

Executive Commentary on Option Agreement

We are pleased to announce the execution of the Option Agreement with Rockland Pty Ltd, which provides us with the exclusive right to acquire 100% of the strategically located Mining Licence M 24/974. This option aligns with our ongoing exploration efforts for gold at the Windanya and Baden-Powell projects in Western Australia. The agreement outlines the material terms including consideration, exercise of option, good standing, and royalty, which we believe will contribute to the advancement of our exploration activities and potential future production. We look forward to seeking shareholder approval for the issue of shares to Rockland as part of this agreement.

Summary of Dundas Minerals' Option Agreement

Dundas Minerals Limited (ASX:DUN) has secured an option to acquire 100% of the strategically located Mining Licence M 24/974, strategically situated between the Aquarius and Scorpio gold prospects at the Company's Windanya Gold Project. The option agreement with Rockland Pty Ltd outlines material terms including consideration, exercise of option, good standing, and royalty. The Company will seek shareholder approval for the issue of shares to Rockland as part of the agreement. This development aligns with Dundas Minerals' focus on gold exploration in the Kalgoorlie region and southern Albany-Fraser Orogen, Western Australia. The Company's ongoing exploration efforts and potential future production are expected to benefit from this strategic acquisition.