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Maverick Minerals Australia Ltd (ASX:M96)

ALERT: Price-sensitive ASX Announcement for M96
Current share price for M96 : $0.009 0 (0%)+
Announcement
Release
3 Jul 2026 8:19AM
Price at Release
$0.009
Full Release
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Summary
Maverick Minerals Australia Ltd has completed the acquisition of the Viper Project tenements in the West Arunta region from Caprice Resources Ltd. The acquisition involves eight granted tenements and seven tenement applications, forming a significant part of the company's exploration strategy. Maverick has paid an initial cash consideration of $2.7 million and will issue additional shares if an exploration program begins. The acquisition has led to the formation of a joint venture on several tenements, where Maverick holds a 75% interest, Caprice 25%, with free carry until a mining decision is made. A facilitation fee was also paid in shares and options. All conditions for the acquisition have been met as of the announcement date.
Key Points
  • Maverick completed acquisition of Viper Project.
  • Acquisition includes eight granted tenements and seven applications.
  • Initial cash consideration of $2.7 million paid to Caprice.
  • Additional shares to be issued upon exploration program commencement.
  • Joint venture formed with Maverick holding 75% interest.
  • Facilitation fee paid in shares and options.
  • All conditions precedent 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.