During the quarter Clara Resources Australia Ltd. executed a binding term sheet for the sale of the company’s wholly owned subsidiary, Ten Star Mining Pty. Ltd (“Ten Star”). Ten Star holds the tenements and other assets, including a rehabilitation bond, relating to the Granville Tin project in Tasmania.
It is anticipated full transaction documents will be completed with an execution date on or before 15 November 2022 and a settlement date of 21 December 2022.
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