BPM Minerals (ASX:BPM) has agreed to sell its Claw Gold Project in Western Australia to Capricorn Metals (ASX:CMM) for up to A$3 million, according to a Wednesday filing with the Australian bourse.
The deal includes an AU$1.5 million upfront payment, and up to AU$1.5 million in contingent milestone payments, the filing said.
Completion of the sale is expected in July, subject to due diligence, the filing added.