Regener8 Resources extends option agreement for East Ponton Project

Regener8 Resources NL (ASX: $R8R) has announced the extension of the option agreement for the Grasshopper and Seven Sisters prospects within the East Ponton Future Metals Project. The extension provides the Company with an additional 6 months, until the 4th of January 2025, to exercise the option. All terms of the option agreement remain unchanged, and no additional consideration is payable to Beau Resources Pty Limited for the extension.

Executive Commentary on East Ponton Project Option Extension

Regener8 Resources is pleased to announce the extension of the option agreement for the Grasshopper and Seven Sisters prospects within the East Ponton Future Metals Project. This extension allows the Company more time to finalize land access and Heritage Agreements for the Project, as well as to undertake on-ground initial exploration across the Project on exciting targets identified at Grasshopper and Hatlifter. We look forward to updating the market with newsflow over the coming months.

Summary of East Ponton Project Option Extension

Regener8 Resources has extended the option agreement for the Grasshopper and Seven Sisters prospects within the East Ponton Future Metals Project, providing the Company with an additional 6 months to exercise the option. The terms of the agreement remain unchanged, and no additional consideration is payable for the extension. The Company is in the process of finalizing land access and Heritage Agreements for the Project and anticipates undertaking on-ground initial exploration across the Project. Regener8 Resources looks forward to providing further updates to the market in the coming months as it advances exploration at the Seven Sisters and Grasshopper prospects.