Catalina Resources (ASX:CTN) has executed an asset sale agreement with US-based KoBold Tjantjuru for the divestment of its rights, title, and interest in its Kookynie West Project.
The agreement is conditional until KoBold has finalised its due diligence and has notified Catalina in writing that it wishes to proceed with the transaction.
The sale of Catalina’s interest in the Kookynie West Project allows it to focus on its highest priority projects as per the company’s strategy and process of continuous evaluation and prioritisation of its project portfolio.
Catalina Resources is an Australian diversified mineral exploration and mine development company exploring for gold, base metals, lithium, and iron ore.
KoBold Metals is a US-based exploration and mining company that combines geosciences with artificial intelligence, machine learning, and data science to improve and accelerate the exploration process in search for the critical minerals necessary for the global energy transition.
Write to Adam Orlando at Mining.com.au
Images: Catalina
