Regener8 Resources (ASX:R8R) is turning its focus to the Srebrenica North Project in Bosnia and Herzegovina after completing the sale of the Kookynie Gold Project.
The company sold its 100% interest in seven prospecting licences to Goldarc Resources (ASX:GA8) for total consideration of about $2.5 million under an agreement announced on 6 August 2026.
Regener8 received roughly 21.43 million Goldarc shares valued at $1.5 million based on a deemed issue price of $0.07 each, subject to voluntary escrow for six months.
A further $1 million is contingent on Goldarc announcing a JORC-compliant mineral resource estimate (MRE) at Kookynie within five years of completion, in the inferred category or higher, at a grade above 1.50 grams per tonne gold (Au).
Under the terms, a 100,000-ounce MRE triggers the first $500,000 tranche, and a 250,000-ounce MRE triggers the second. Goldarc can pay each tranche in cash or shares priced at the five-day volume-weighted average price, with a floor of $0.055 per share.
Managing Director Dave Malesic says the sale lets Regener8 concentrate capital and management time on Srebrenica North, a silver-zinc-lead-antimony project in Republika Srpska.
“Through our shareholding in Goldarc, Regener8 also keeps exposure to any exploration success at Kookynie, and we wish the Goldarc team well as they advance the project,” Malesic says.
Malesic adds that exploration at Srebrenica North continues to progress, and the company plans to update shareholders as its programs advance. Regener8 also continues to assess complementary opportunities in the region.
Regener8 Resources holds Srebrenica North through its wholly owned subsidiary Orichalcum, alongside the North Achilles Project in the southern Cobar Basin in New South Wales.
Write to Paula Fabe at Mining.com.au
Main image: Regener8 Resources
