Core Update - Great Pacific Gold Corp. has provided an update on its asset divestitures in Victoria, Australia, including the sale of non-core assets to Adelong Gold Limited [1][2] Asset Sales - The company sold the Golden Mountain and Lauriston Projects to Adelong, receiving total cash payments of AUD $850,000 and share issuances totaling AUD $750,000 [2] - Deferred payments include AUD $1,100,000 in Adelong shares, AUD $2.0 million in milestone payments for the Lauriston Project, and a 2% NSR on Lauriston [2] Recent Transactions - A binding assignment agreement was made with an individual investor to sell current Adelong shares and Future Consideration for an immediate payment of AUD $2,058,000 (approximately $1,830,000) [3] - The transaction has been completed, and the company has no further rights or obligations under previous agreements with Adelong [3] Remaining Assets - The company retains 3.6 million shares in Golden Cross Resources Inc., valued at approximately $2,200,000 [4] Walhalla Project Spin-out - The only remaining tenements are the Walhalla Project, covering over 1,400 km², which includes the Pinnacles target, ready for immediate drilling [5] - A 1:1 spin-out of the Walhalla Project to shareholders was announced, with an Arrangement Agreement resulting in AUD $1,500,000 received [6][7] - Progress is being made on the spin-out, including the preparation of a NI43-101 technical report and financial statements [7] Regulatory Approval - The spin-out transaction is subject to approval from the TSX Venture Exchange and conditions outlined in the June 23, 2025 news release [8] Company Overview - Great Pacific Gold focuses on exploration-stage projects in Papua New Guinea, with core projects including the Kesar Project, Tinga Valley Project, Wild Dog Project, and Arau Project [10][12][15]