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Lithium Plus Minerals Ltd (ASX:LPM)

ALERT: Price-sensitive ASX Announcement for LPM
Current share price for LPM : $0.120 0.042 (53.85%)+
Announcement
Release
28 Aug 2025 8:52AM
Price at Release
$0.078
Full Release
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Summary
Lithium Plus Minerals Ltd (LPM) announced its 44.7% owned entity, Moonlight Resources Limited's acquisition of the Clermont Gold Project in Queensland from Diatreme Resources Ltd. The acquisition aims to establish Moonlight as a focused gold and critical minerals explorer with the potential for near-term mineral resource delineation. Moonlight will issue Diatreme A$3.25 million in ordinary shares and A$250,000 in cash. This transaction is part of Moonlight's proposed ASX initial public offering (IPO) with Diatreme to become a significant shareholder. The acquisition allows LPM to focus on its lithium projects while offering shareholders exposure to gold upside through a separate vehicle. Conditions for the transaction include due diligence, regulatory approvals, and Moonlight's successful ASX listing.
Key Points
  • Moonlight Resources to acquire Clermont Gold Project from Diatreme Resources.
  • Acquisition includes A$3.25 million in Moonlight shares and A$250,000 in cash.
  • Moonlight Resources owned 44.7% by Lithium Plus Minerals Ltd.
  • Transaction linked to Moonlight's proposed ASX IPO.
  • Diatreme to hold between 17.1% and 19.9% stake post-IPO.
  • Transaction subject to due diligence and regulatory approvals.
  • LPM to continue focusing on its lithium projects.
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.