NickelX Limited (ASX:NKL) agreed to acquire an 80% stake in Dalwallinu Nickel Project (E70/5398) from Blue Ribbon Mines Pty Ltd and Superstructure International Pty Ltd on September 28, 2022. Under the terms, NickelX Limited will pay cash consideration of AUD 0.05 million and 4 million shares initially. Also, NickelX Limited will pay cash consideration of AUD 0.05 million on or before December 27, 2022, AUD 0.05 million on or before March 27, 2023, AUD 0.05 million on or before June 27, 2023, AUD 0.05 million on or before September 27, 2023 and AUD 0.05 million on or before December 27, 2023.