Mantle Minerals Limited has announced that Northern Star Resources Ltd has successfully completed its due diligence review in connection with the binding agreement for the sale of 100% of Mantle’s wholly owned subsidiary, Mt Roe Mining Pty Ltd. The proposed transaction, structured as a cash sale for a total consideration of $13.5 million, marks a significant step forward in the company’s strategic divestment plans. All necessary regulatory and third-party approval conditions have now been satisfied, paving the way for settlement to occur within the next five business days under the agreed terms. Mantle Minerals Limited confirmed that a further update will be provided upon the completion of the transaction and receipt of funds, signaling a forthcoming milestone for the company’s balance sheet. The development brings a bullish aspect for investors, as the successful due diligence and regulatory clearances indicate solid operational and transaction management, potentially reinforcing investor confidence. The injection of $13.5 million in cash may also strengthen the company’s liquidity position. Conversely, there may be a bearish angle for those concerned about the implications of divesting a wholly owned mining asset, which could impact future production capabilities and revenue streams. Overall, the rapid progression toward settlement and the strict adherence to regulatory requirements are likely to be viewed favorably by market participants, while aspects of asset reduction may invite further scrutiny.