Chinova Resources Pty Ltd exercised an option agreement to acquire New Hope Project from Chinove Resources Cloncurry Mines Pty Limited for AUD 0.73 million..

Chinova Resources Pty Ltd exercised an option agreement to acquire New Hope Project from Chinove Resources Cloncurry Mines Pty Limited for AUD 0.73 million on November 5, 2018. Chinova Resources paid AUD 0.15 million as deposit amount and final payment of AUD 0.575 million will be paid up on the execution of title and other appropriate documents. The transaction is subject to FIRB approval.