EV Resources Limited has agreed to sell its entirely owned Yanamina Gold and Silver project located in Ancash State, Peru to Daura Gold Corp for a total consideration of US$6 million. Initially acquired in late 2019 for US$100,000 along with deferred cash payments and a 1.0% net smelter royalty on gold production surpassing 200,000 ounces, the project has been under review by the company amid rising gold and silver prices and growing local community support. The transaction is a key element of EV Resources Limited’s broader strategy to dispose of non-core assets, thereby reducing monthly expenses and allowing the company to concentrate on its primary ventures. The deal will progress in stages. On closing, EV Resources Limited will receive an immediate US$150,000 in cash, while Daura Gold Corp will also settle the 2024 concession payments due on or before 30 June 2025. Additional milestone-based payments include a further US$150,000 in cash on the twelve-month anniversary of the closing, a milestone of US$1.7 million payable—either in cash or through common shares—upon obtaining a social license for a minimum of 10,000 meters of permitted drilling, and two successive payments of US$2 million each, triggered respectively by the commencement of infrastructure construction for commercial production and the commencement of commercial production itself. The share issuances, as an alternative to cash for these milestones, will be calculated based on the volume-weighted average closing price of Daura Gold Corp’s common shares on the TSX Venture Exchange over the preceding thirty trading days and subject to a minimum pricing threshold. The structured transaction is expected to materially enhance EV Resources Limited’s cash position while providing the company with continued exposure to the gold market, achieved without the need for additional capital. The deal remains subject to various customary conditions, including the negotiation of definitive documentation, regulatory approvals, and, where necessary, shareholder consent. Additionally, Daura Gold Corp will assume all obligations under the existing project agreement with Happy Diamonds Pty. Ltd following the completion of the transaction. For beginner traders, this announcement signals both an opportunity and a risk. On the bullish side, the tangible boost in liquidity coupled with a strategic reallocation of resources could strengthen EV Resources Limited’s financial footing, particularly if the company successfully leverages the increased cash for core projects. The structured milestone payments also offer a clear pathway to realize further gains as the project reaches key development stages. Conversely, the bearish perspective reflects the inherent uncertainties linked to milestone achievements, such as obtaining the social license and moving from planning to production. Delays or challenges at any stage could impact the anticipated cash flows, while the ongoing dependency on favorable commodity prices adds another layer of risk. Overall, the transaction marks a significant strategic repositioning for EV Resources Limited, balancing immediate financial benefits with a cautious approach toward further exposure in the gold sector.