Minerals 260 Limited has entered into a binding agreement to sell its Aston Lithium-REE Project, located in the Gascoyne region of Western Australia, to Delta Lithium Limited. The transaction involves a payment of $450,000 in cash upon completion, along with a 1.5% Net Smelter Return royalty on all lithium sales and associated elements such as tantalum, caesium, beryllium, and rubidium derived from the project’s ores. The deal mandates that Minerals 260 maintain the tenements in good standing until completion, which is slated to occur either five business days after obtaining Ministerial consent under the Mining Act or within 30 days of the agreement’s execution. By divesting the Aston project, Minerals 260 Limited is refocusing its efforts and capital toward the development of its flagship Bullabulling Gold Project near Coolgardie in Western Australia. This project is a potential open-pit operation with an established JORC 2012 resource estimate of 60 million tonnes at 1.2 grams per tonne of gold, translating to approximately 2.3 million ounces. The Bullabulling asset offers significant exploration upside, with several promising targets that could unlock further resource growth, ensuring that the company remains active in the excavation and expansion of its gold resources. Market sentiment around this move appears mixed. On the bullish side, investors may view the sale as a strategic asset reallocation that enables Minerals 260 Limited to concentrate on a high-potential gold project, potentially unlocking higher long-term value. The royalty arrangement also provides shareholders with ongoing exposure to future exploration rewards associated with the Aston Project. However, the bearish perspective highlights concerns that the immediate cash yield is modest and that the continuing royalty obligations could impact future cash flows. Additionally, the success of the Bullabulling Gold Project remains contingent on exploration outcomes and resource expansion, which introduces an element of uncertainty for the company’s near-term financial performance.