Sunshine Metals completes Triumph Gold Project sale

Sunshine Metals (ASX:SHN) has officially completed the sale of its Triumph Gold Project to Dart Mining NL (ASX:DTM). The transaction, initially announced on 27 August 2024, includes a cash payment and the issuance of 83,333,333 fully paid ordinary shares to Sunshine Metals.

Summary of Sunshine Metals' strategic transaction

Sunshine Metals (ASX:SHN) has successfully completed the sale of the Triumph Gold Project to Dart Mining NL (ASX:DTM), as per the Sale and Purchase Agreement announced in August 2024. The Triumph Gold Project, located 520 km north of Brisbane, Queensland, covers two exploration permits over an area of 137.6 sq.km. Dart Mining, focusing on various minerals including gold, silver, and copper, paid a cash consideration and issued shares to Sunshine Metals as part of the deal. This transaction allows Dart Mining to expand its gold mining operations and utilize the project's strategic location and resources. Sunshine Metals aims to focus on its other ventures and leverage this transaction to support its overarching corporate strategy.

Executive commentary on Triumph Gold Project transaction

This completion marks a significant development for Dart Mining as it expands its footprint in the gold mining sector, leveraging the strategic location and potential resources of the Triumph Gold Project.