Maverick Minerals Pty Ltd entered into letter of intent of intent to acquire Laverton Downs Project from Australian Potash Limited (ASX:APC) for AUD 0.21 million on February 28, 2023. AUD 0.01 million will be received by Australian Potash on execution of formal sale and purchase agreement and AUD 0.2 million will be received upon completion of acquisition. The transaction is conditional upon a three month due diligence period from execution of the formal agreement and Maverick completing a capital raising of at least AUD 4 million.