Meteoric Resources Completes Sale of Western Australia Gold Project; Shares Down 5%

MT Newswires Live

2024/11/21

Meteoric Resources (ASX:MEI) completed the sale of its Palm Springs gold project in Western Australia to Win Metals (ASX:WIN), according to a Thursday filing with the Australian bourse.

The company received AU$1 million in cash payment plus goods and services tax, as well as Win shares valued at AU$1.8 million, the filing said. It is due to receive further payments totaling AU$2.3 million upon meeting certain milestones.

Meteoric Resources' shares fell 5% in recent Thursday trade.

Price (AUD): $0.10, Change: $-0.01, Percent Change: -5.00%

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