Core Viewpoint - Miramar Resources has finalized a binding sale agreement for its Randalls project to Future Battery Minerals, allowing the company to focus on higher-potential gold and critical minerals projects [1][2]. Group 1: Sale Agreement Details - The agreement grants FBM an exclusive six-month option to acquire 100% of all mineral interests associated with the Randalls project [1]. - The terms include a non-refundable A$50,000 (approximately $32,432) option fee paid by FBM, with FBM responsible for operational costs during the option period [6]. - Upon exercising the option, the settlement will consist of A$125,000 in cash, A$125,000 in FBM shares, and a 1% net smelter return royalty, along with deferred milestone payments tied to JORC-compliant mineral resources [6]. Group 2: Strategic Focus - The divestment aligns with Miramar's strategy to concentrate on exploration in the Eastern Goldfields and Gascoyne regions of Western Australia [2]. - The sale allows the company to focus on new ventures such as the Gidji Joint Venture gold project and the Bangemall copper-nickel-PGE projects [2][5]. - Miramar is also advancing exploration at the Whaleshark copper-gold project and the Chain Pool copper-lead-zinc-silver project, while working on tenement applications for the Carnarvon heavy mineral sands project [4]. Group 3: Future Exploration Plans - The company has exciting projects with potential for near-term discoveries of gold and critical minerals, including copper, nickel, PGEs, and rare earth elements [3]. - The exploration at Bangemall will be fully funded due to a multi-million-dollar, multi-year exploration joint venture agreement with Sumitomo, allowing resources to be allocated to Gidji [5].