Octava Minerals Limited (ASX:OCT) signed a binding conditional agreement to acquire Byro Mining Pty Ltd for AUD 0.56 million on January 24, 2024. Under the terms of the agreement, Octava shall pay AUD 240,000 in cash or in a combination of cash and Shares, Issue 3,000,000 Shares, Upon and subject to the publication of a scoping study, or equivalent higher-level study completed by an independent Mining related consultant, on the Tenements issue 2,000,000 Shares. All Shares under the transaction are to be subject to mandatory ASX escrow.

The transaction is subject to due diligence, Octava and Byro each obtaining all necessary board, shareholder and regulatory approvals.