Details of Labyrinth Resources Limited's sale of Labyrinth and Denain Projects

Labyrinth Resources Limited (ASX: $LRL) has finalized the sale of the Labyrinth and Denain Projects for USD$3.5M cash. The rescheduled settlement date under the Sale and Purchase Agreement with Gold Projects WA Pty Ltd ('GPWA') was March 29, 2024. The parties are currently working through the Conditions of the SPA and will provide further updates upon resolution.

Executive Commentary on the Sale of Labyrinth and Denain Projects

We are pleased to announce the finalization of the sale of the Labyrinth and Denain Projects. The rescheduled settlement date provides both parties with the necessary time to ensure a smooth transition. We are working diligently with Gold Projects WA Pty Ltd to address the Conditions of the SPA and will keep our stakeholders informed of any developments. This transaction aligns with our strategic objectives and allows us to focus on our core assets and growth opportunities.

Summary of Labyrinth Resources Limited's Announcement

Labyrinth Resources Limited (ASX: $LRL) has successfully completed the sale of the Labyrinth and Denain Projects for USD$3.5M cash, with the settlement date rescheduled to March 29, 2024. The company is currently working through the Conditions of the Sale and Purchase Agreement with Gold Projects WA Pty Ltd and will provide updates upon resolution. This strategic move aligns with the company's focus on core assets and growth opportunities, reflecting its commitment to delivering value to its stakeholders.