DivestmentAug 7, 2026, 04:15 PM
Elevra Sells Tabba Tabba Pegmatite Rights for A$16M Plus Royalty
AI Summary
Elevra Lithium Limited has completed the sale of its rights, interests, and obligations on E45/2364 in Western Australia (Tabba Tabba) to Wildcat Resources Limited. The transaction involves a total consideration of A$16 million, comprising A$5 million cash on completion, A$8 million in Wildcat shares, and A$3 million in deferred cash, plus an ongoing royalty. This divestment allows Elevra to unlock immediate value from a non-core asset and reallocate capital to further develop its core North American assets and growth strategy.
Key Highlights
- Elevra sold its rights and interests in E45/2364 (Tabba Tabba) to Wildcat Resources Limited.
- Total consideration is A$16 million plus an ongoing royalty.
- A$5 million in cash was received on completion.
- A$8 million was received in Wildcat ordinary shares.
- A$3 million in deferred cash is payable six months after a feasibility study.
- Contingent cash payments of A$0.70 per tonne for JORC Pegmatite Mineral Resource.
- The transaction allows Elevra to focus on its core North American assets.
- Elevra retains potential for future value creation through contingent royalty payments.
Price Impact
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