Newmont Corporation entered into a definitive agreement on June 13, 2025, to divest a portfolio of Australian copper-gold exploration projects in New South Wales and the Northern Territory to Inflection Resources Ltd. This move is part of Newmont's strategy to streamline its portfolio.
For the Bell River project, Newmont will receive 1,000,000 common shares of Inflection and contingent payments of AUD$2.5 million upon completion of a Pre-Feasibility Study and AUD$5.0 million upon commencement of commercial production. Newmont will also retain a 2% Net Smelter Return (NSR) royalty, with 1% purchasable by Inflection for AUD$5.0 million.
Regarding the Tennant East project, Newmont will receive 250,000 common shares of Inflection and reimbursement of 2025-26 tenement renewal fees, retaining a 1.5% NSR royalty, with 0.5% purchasable for fair market value after a Pre-Feasibility Study. These transactions are expected to close in several weeks upon transfer of exploration licenses.
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