Konstantin Resources Limited entered into a binding agreement to acquire Majdanpek West project from Raiden Resources Limited (ASX:RDN) for AUD 0.32 million on April 13, 2023. Konstantin will pay a $15,000 deposit to Raiden within 5 business days of execution of the agreement and AUD 300,000 cash or stock payment for 100% of the project, within 24 months at Konstantin’s election. Konstantin to pay a monthly project maintenance fee for a period of 12 months from date of execution, or up to payment of the purchase price (whichever occurs first).

Raiden shall retain a 1% NSR over the project area with Konstantin having the option, but not the obligation to; Purchase 0.5% of the NSR for $300,000 at any time prior to publishing a Definitive Feasibility Study (“DFS”), or Purchase 0.5% of the NSR for $1m at any time after the publication of the DFS, but prior to commencement of construction of a mine on the project area.