Dart Mining (ASX:DTM) has entered into a non-binding term sheet with Indigo Metals for the sale of the Mt Unicorn, Sandy Creek, and Tallandoon projects to Indigo.
The agreement considers a total amount of $7 million plus GST, comprising a cash deposit of $200,000 payable on 18 March 2026, with the balance of cash at completion in addition to Indigo shares issued at the initial public offering (IPO) price.
Dart will retain a 2.5% net smelter revenue royalty on all antimony produced from Sandy Creek and Tallandoon.
Dart Chairman James Chirnside says that the potential sale of these tenements is a “significant transaction” for Dart.
“DTM is pleased to retain an ongoing economic interest in the Sandy Creek and Tallandoon tenements through a 2.5% net smelter revenue royalty on antimony production, ensuring the company is well placed to benefit from any future development of these projects.”
The transaction is subject to Indigo’s proposed IPO and admission to the ASX.
Rock Financial Consulting acted as arranger for the transaction.
Dart Mining is an exploration and development company focused on precious and critical minerals in Eastern Australia.
Write to Amy Rotman at Mining.com.au
Images: Dart Mining
