InvestSMART

Loyal Metals Ltd (ASX:LLM)

ALERT: Price-sensitive ASX Announcement for LLM
Current share price for LLM : $0.448 0.003 (0.56%)+
Announcement
Release
21 Aug 2026 6:26PM
Price at Release
$0.445
Full Release
download
Summary
Loyal Metals Limited has announced the completion of its acquisition of the Highway Reward Copper-Gold Project through its subsidiary, Highway Copper Gold Pty Ltd. The acquisition, under a Sale and Purchase Agreement with Thalanga Copper Mines Pty Ltd and BML Holdings Pty Ltd as vendors, received necessary ministerial approvals and shareholder consent, with final transfer applications executed and stamp duty requirements met. The transaction is part of a scheme involving PT Bumi Resources TBK acquiring all of Loyal's issued shares, pending court approval and satisfaction of customary conditions.
Key Points
  • Loyal Metals Limited completed the acquisition of the Highway Reward Copper-Gold Project.
  • The completion was under the Sale and Purchase Agreement with Thalanga Copper Mines Pty Ltd and BML Holdings Pty Ltd.
  • Ministerial approval was granted for the transfer of tenements to Loyal's subsidiary, Highway Copper Gold Pty Ltd.
  • Loyal's shareholders approved the Scheme at the Scheme Meeting on 20 August 2026.
  • The acquisition was part of a broader scheme of arrangement where PT Bumi Resources TBK would acquire all issued shares in Loyal.
  • The acquisition was subject to Court approval and customary conditions.
  • The final transfer applications were executed, and stamp duty requirements were satisfied.
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.