Sunshine Metals Sells Triumph Gold Project to Dart Mining for AU$2 Million

Sunshine Metals Limited (ASX: SHN) has entered into a binding agreement to sell its Triumph Gold Project to Dart Mining NL (ASX: DTM) for a total consideration of AU$2 million. The deal includes AU$1 million in cash and AU$1 million in Dart shares, pending shareholder and regulatory approvals expected by October 2024. This strategic move allows Sunshine Metals to focus on developing its flagship Ravenswood Consolidated Project, where ongoing diamond drilling at the Liontown Gap Zone anticipates assay results in early September 2024. Located near Gladstone in Central Queensland, the Triumph Project encompasses two exploration permits over 138 km² and holds an initial resource estimate of 118,000 ounces of gold. Dart Mining aims to leverage its expertise in orogenic and intrusion-related gold systems to advance the project's potential.

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