Black Cat Syndicate Limited entered into a binding sale and purchase agreement to acquire Yarri East Project from RBR Group Limited and Newmont Exploration Pty Ltd. for AUD 0.2 million.

Black Cat Syndicate Limited (ASX:BC8) entered into a binding sale and purchase agreement to acquire Yarri East Project from RBR Group Limited (ASX:RBR) and Newmont Exploration Pty Ltd. for AUD 0.2 million on July 8, 2020. The transaction will be settled in cash and has a net smelter royalty of 1%. RBR will receive AUD 0.98 million in cash plus 0.49% net smelter royalty for its share.

Black Cat will undertake the responsibility for all environmental liabilities and approvals regarding the transfer of the tenements.