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Announcement
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Heron Enters Into Farm-out Agreement on Non-Core Tenements in NSW

  • Two non-core projects in NSW, owned 100% by Heron, farmed-out to Sky Metals Ltd (Sky)
  • Sky will be required to spend $400k in first year, and then spend a further $1.6M over 3 years to earn an 80% interest and free-carry Heron to DFS or $10M of expenditure
  • Heron to receive 10M Sky options at a strike price of 15c and exercisable when Sky proceeds to commits to $2m farm-in stage
  • The agreement is in keeping with Heron’s strategy to focus on production and near mine-exploration at its Woodlawn operation whilst generating value from its other non-core assets.
For the full announcement, please click here
For further information regarding Heron Resources, please visit www.heronresources.com.au or contact:
Heron Resources
Tel: +61 2 9119 8111
Email: heron@heronresources.com.au
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