Peregrine Gold Limited (ASX:PGD) agreed to acquire Three exploration licences ELA52/4300, E52/3911, ELA52/4299 from DiscovEx Resources Limited (ASX:DCX) and Lighthouse Resources Holdings Pty Ltd for AUD 1.4 milion on January 23, 2024. The consideration consists of AUD 0.175 million in common equity and deferred payment of AUD 0.6 milion in cash upon Peregrine announcing to the ASX the delineation of a JORC compliant mineral resource of at least 200,000 ounces of gold with a minimum cut-off grade of 1.0 g/tonne and second deferred cash consideration of AUD 0.6 million upon grant of any mining lease under Division 3 of Part IV of the Mining Act to Peregrine. The transaction is subject to Peregrine completing due diligence enquiries on the Tenements to its absolute discretion and the Sellers obtaining the consent of Gateway Projects and entering into a deed of assumption with Peregrine in favour of Gateway Projects and for the assignment and assumption of the Royalty Agreement to Peregrine on terms satisfactory to Peregrine.

Peregrine Gold Limited (ASX:PGD) completed the acquisition of Three exploration licences ELA52/4300, E52/3911, ELA52/4299 from DiscovEx Resources Limited (ASX:DCX) and Lighthouse Resources Holdings Pty Ltd for AUD 1.4 million on January 23, 2024