Pursuit Minerals Limited Completes $300,000 Sale of Commando and Warrior Gold Projects in Western Australia

Wednesday, June 25, 2025
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8:32 am
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Pursuit Minerals Limited has completed the sale of its Commando and Warrior projects in Western Australia for a total consideration of $300,000. The divestment of all interests in these assets could streamline the company’s portfolio and refocus its future growth strategy.

Pursuit Minerals Limited has completed the sale of its Commando and Warrior Projects, located in Kalgoorlie and Calingiri, Western Australia. The transaction, carried out through its wholly owned subsidiary Pursuit Exploration Pty Ltd, was concluded with Kurnalpi Gold Pty Ltd—a privately held company that specializes in acquiring and developing small-scale gold projects in Western Australia. Under the binding agreement, Pursuit Minerals Limited divested all of its legal and beneficial interests in the tenements, which include associated statutory rights and technical data. The total consideration for the sale amounted to $300,000, comprising a $20,000 deposit (refundable if vendor-responsible conditions are not met) and a $280,000 cash payment at settlement, subject to customary adjustments for any outstanding obligations. The sale, which was formally approved by the Board, reflects a strategic move by the company in refining its portfolio. For beginner traders, this transaction is notable for its clear financial structure and the use of standard deal adjustments, characteristics often seen in resource sector divestments. The fixed cash settlement and the contingent deposit offer insight into the inherent balance between risk and reward in such corporate deals. In terms of market sentiment, the news can be seen as bullish by investors who favor companies streamlining their operations and focusing on core assets, potentially allowing for better capital allocation in future projects. Conversely, some traders might view the move as bearish if they prefer companies with a broader asset base or if they were relying on anticipated returns from these exploration projects. Overall, the transaction provides a clear example of a measured divestment strategy in the mining sector, offering both risk mitigation and financial clarity for Pursuit Minerals Limited.

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