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Bayan Mining and Minerals Limited (ASX:BMM)

ALERT: Price-sensitive ASX Announcement for BMM
Current share price for BMM : $0.052 -0.013 (-20%)+
Announcement
Release
23 Jul 2026 9:10AM
Price at Release
$0.065
Full Release
download
Summary
The document outlines Sun Silver Limited's strategic land consolidation efforts at the Maverick Silver Project, specifically focusing on the acquisition of the Bayan Springs North Project and additional claim staking. This expansion secures a 15-kilometer prospective strike at Maverick, linking the existing deposit with a newly identified Northern Target, which shows potential for continued resource growth. These moves are aimed at enhancing their exploration footprint, with the new acquisitions including 116 lode claims and additional staking covering over 18.5 square kilometers combined. The consideration for the acquisition includes a cash payment and potential contingent payments based on future drill results.
Key Points
  • Sun Silver Limited acquires Bayan Springs North Project.
  • 116 lode claims cover approximately 9.70 km².
  • Additional 106 lode claims staked covering 8.86 km².
  • Secures 15 km of prospective strike at Maverick Silver Project.
  • New acquisitions link existing Maverick Deposit to Northern Target.
  • Consideration includes payments of A$150,000 cash on completion and 12 months later.
  • Potential contingent payment of A$500,000 based on future drill results.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.