Marvel Gold (ASX:MVL) has signed a binding share purchase agreement with Anchises Capital to sell its interests in the Tabakorole and Yanfolila gold projects in Mali through the transfer of its wholly owned subsidiaries holding the assets, according to a Thursday filing with the Australian bourse.

The subsidiaries covered by the transaction include Marvel Gold Australia, Sola Mining, and Yanfo, the filing said.

Anchises has agreed to proceed with the transaction before the official renewal of the Tabakorole and Yanfolila tenements. The total consideration is AU$1.65 million, comprised of a non-refundable AU$150,000 exclusivity fee already received and a final payment of AU$1.5 million due within 20 business days of signing, the filing said.

After completion, Marvel's sole Mali asset will be the Kolondieba gold project.